Coupang (Ticker: CPNG), an e-commerce industry leader, announced its fiscal seco

Coupang (Ticker: CPNG), an e-commerce industry leader, announced its fiscal second quarter results in 2024.

Here's a look at Coupang's Q2 earnings:
Revenue: $7.32 billion (25% Y/Y)
Gross Revenue: USD 21.42 Billion (41% Y/Y)
Net loss for the current period: USD 10.5 billion (reduction)
Diluted Earnings Per Share: -0.04

What's notable is that Coupang posted a temporary loss due to its acquisition of Papeci (Papeci) and the Fair Trade Commission's penalty of $12.1 billion.

Excluding this effect, the company said it posted a net profit of $12.4 billion.
However, compared to the same period last year, this figure is also down 14.5%.

in comparison to market forecasts
Revenue missed 0.85%
Earnings per share beat forecasts.

Coupang's performance by business segment is as follows:

Product Commerce
Revenue: $6.43 billion (13% Y/Y)
Adjusted EBITDA: $530 billion surplus (30% Y/Y)

Developing Offers (new businesses: Coupang Eats, Coupang Play, Global, Papech)
Revenue: $89.2 billion (47% Y/Y)
Adjusted EBITDA: $200 MILLION deficit (increased 87% deficit)

Excluding the parfetch performance here, the performance was as follows.
Revenue: $432 billion (177 percent year-on-year increase)
Adjusted EBITDA: $16.9 billion deficit (58% increase in deficit size)

Lastly, it is a major business indicator.
Number of active customers: 21.7 million (12% Y/Y)
Net sales per active customer: $296 (up 1% Y/Y)
Net Sales per Active Customer (Fixed Exchange Rate): $309 (5% Y/Y)

Based on Coupang's performance announcement data and earnings call, we have summarized this performance announcement as follows.

1. Product Commerce segment EBITDA margin of 8.2% achieved
2. Coupang Eats: Focuses on Expansion Based on Wow Membership
3. Papeci Consolidates and Targets Taiwan Market

Then I'll start writing today.

1. Product Commerce segment EBITDA margin of 8.2% achieved

Coupang's Product Commerce segment was its best performance ever this quarter.
Gross profit rose 26% year-over-year to $1.9 billion,
It had a record gross margin of 30.3%.
This is an improvement of 3.1%p year-on-year and 2%p quarter-on-quarter.

Coupang management is trying hard.