Coupang (CPNG) Tops Q2 EPS by 8c
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Coupang Announces Q2 Record Gross Profit of $1.2 billion and Gross Profit Margin Improvement of 250 bps over Q1
August 10, 2022 4:05 PM EDTMOUNTAIN VIEW, Calif. & SEOUL, South Korea--(BUSINESS WIRE)-- Coupang, Inc. (NYSE: CPNG) today announced financial results for its second quarter ended June 30, 2022.
Customers turn to us for amazing experiences, faster delivery and lower prices, and were determined to wow them every day, said Bom Kim, founder and CEO of Coupang. We increased our investmentto a record $500 million in Q2 alonein exclusive discounts, free Rocket deliveries, and free Coupang Play video content for our WOW members. We exist to transform the lives of our customers, and WOW membership is the embodiment of that... More
