Coupang (CPNG) Misses Q2 EPS by 16c
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Coupang Announces Second Quarter Revenue Growth of 71% and Adjusted Gross Profit Growth¹ of 86%
August 11, 2021 4:56 PM EDT15th consecutive quarter of over 50% constant-currency revenue growth
Revenue growing at a multiple of the Korean e-commerce segment, reaching $18 billion run-rate
1 Adjusted gross profit growth excludes $158 million in inventory write-offs related to the FC Fire (see below); total gross profit growth was 50%.
SEOUL, South Korea--(BUSINESS WIRE)-- Coupang, Inc. (NYSE: CPNG) today announced financial results for its second quarter ended June 30, 2021.
Key Financial and Operational Highlights
Total net revenues continued to grow at a multiple of the... More