Coupang Posts 16% Revenue Growth, Profit Return Q2

Seattle, WA — Coupang Inc. (NYSE: CPNG) reported second-quarter net revenues of $8.5 billion, representing a 16 percent increase from the same period last year, the South Korea-based eCommerce company announced Tuesday.

The company recorded net income of $31 million for the quarter ended June 30, compared with a net loss of $105 million in the second quarter of 2024.

Net income attributable to stockholders was $32 million, compared with a loss of $77 million in the prior year.

Operating income was $149 million, an increase of $174 million from the same quarter last year.

Diluted earnings per share were $0.02, compared with a loss of $0.04 per share in the same period last year.

Gross profit was $2.6 billion, up 20 percent from the prior year, with a gross profit margin of 30.0 percent. 

The company reported that revenues grew 19 percent and gross profit increased 22 percent on a foreign exchange-neutral basis.

The Product Commerce segment reported net revenues of $7.3 billion, a 14 percent increase from the second quarter of 2024.

The segment's active customers totaled 23.9 million, a 10 percent increase from the prior year.

The segment's gross profit was $2.4 billion, up 23 percent, with a gross profit margin of 32.6 percent.

Product Commerce segment adjusted EBITDA was $663 million, an increase of $133 million from the prior year, with a margin of 9.0 percent.

The Developing Offerings segment generated net revenues of $1.2 billion, representing a 33 percent increase from the year-earlier quarter.

The segment recorded an adjusted EBITDA loss of $235 million, compared with a loss of $200 million in the second quarter of 2024.

Consolidated adjusted EBITDA was $428 million with a margin of 5.0 percent, the company said. The measure excludes depreciation, amortization, interest, taxes, equity-based compensation, and other items.

Operating cash flow for the trailing twelve months was $1.9 billion, down $297 million from the prior year. 

Free cash flow for the same period was $784 million, a decrease of $729 million from the previous period.