Coupang (CPNG) Misses Q2 EPS by 16c

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Go back to Coupang (CPNG) Misses Q2 EPS by 16c

Coupang Announces Second Quarter Revenue Growth of 71% and Adjusted Gross Profit Growth¹ of 86%

August 11, 2021 4:56 PM EDT

15th 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