Coupang reported a net profit of $90.9 million for the first quarter, compared with a net loss of $209 million in the same period a year earlier. Since the third quarter of 2022, Coupang has reported a net profit for three consecutive quarters.
Coupang reported a net profit of $90.9 million for the first quarter, compared with a net loss of $209 million in the same period a year earlier.
Since the third quarter of 2022, Coupang has reported a net profit for three consecutive quarters.
First quarter revenue jumped 13 percent on year to $5.8 billion, above market consensus of $5.64 billion.
Adjusted Ebitda was $241 million.
The e-commerce company had 19 million active users in the first quarter, 5 percent up from the same period a year before.
