Coupang, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 27, 2024 at 04:01 pm EST
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Coupang, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 24,383 million compared to USD 20,583 million a year ago. Net income was USD 1,360 million compared to net loss of USD 92 million a year ago.
Basic earnings per share from continuing operations was USD 0.76 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
Coupang, Inc. owns and operates a retail business, which primarily serves the Korean retail market. Through its mobile applications and Internet websites, it offers products and services that span a range of categories, including home goods and decor, apparel and beauty products, fresh food and grocery, sporting goods, electronics, everyday consumables, travel, restaurant order and delivery, content streaming, and advertising. Its Product Commerce segment primarily includes core Korean retail (owned inventory) and marketplace offerings and Rocket Fresh, its fresh grocery offering, as well as advertising products associated with these offerings. Its Developing Offerings segment primarily includes more nascent offerings and services, including Coupang Eats, its restaurant ordering and delivery service in Korea, Coupang Play, its online content streaming service in Korea, fintech, its retail operations in Taiwan, as well as advertising products associated with these offerings.
COUPANG, INC. 
