NYSE$CPNG
Coupang Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Coupang's Q1 2023 financial results were announced, demonstrating YoY revenue growth and positive free cash flow.
Coupang reported a 13% YoY increase in net revenues to $5.8 billion and achieved a positive free cash flow of $451 million for the trailing twelve months. Net income reached $91 million, a $300 million improvement YoY, and gross profit increased by 36% to $1.4 billion.
- Net revenues increased by 13% YoY to $5.8 billion, or 20% on an FX-neutral basis.
- Gross profit grew by 36% YoY to $1.4 billion, with a gross profit margin improvement of over 400 bps.
- Net income improved by $300 million YoY, reaching $91 million.
- Positive free cash flow of $451 million was achieved for the trailing twelve months.
Headline financials
Revenue & EPS history
Coupang · Revenue · Quarterly
$5.8B
Revenue by segment
Coupang · $5.8B total across 2 segments · Q1 2023
- Product Commerce$5.66B+14.6%97.5%
- Developing Offerings$142M-21.3%2.5%
Forward guidance
Coupang is focused on transforming customer lives by offering vast selection, low prices, and exceptional service, as well as expanding membership benefits to make WOW the best deal on the planet.
Tailwinds
- Expand selection on Rocket dramatically for customers
- Rolling out new Coupang Eats benefits to all WOW members
- Generating more savings for customers
- Making WOW even harder to resist
- Sustained focus on operational excellence
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.5%
Avg return
Earnings day
-2.1%
Avg return
5 days after
-4.0%
Avg return
30 days after
48%
12 / 25 earnings
Positive
+14.0%
Q3 2022
Best reaction
-17.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -16.2% | -18.4% | |
| Q4 2025 | +2.1% | +2.1% | -3.3% | |
| Q3 2025 | -5.9% | -10.0% | -15.6% | |
| Q1 2025 | +10.8% | +8.9% | +18.5% | |
| Q4 2024 | +3.5% | -1.5% | -7.5% | |
| Q3 2024 | -6.6% | -6.0% | -6.5% | |
| Q2 2024 | +4.2% | +11.0% | +14.6% | |
| Q1 2024 | -8.1% | -3.6% | -6.2% | |
| Q4 2023 | +11.3% | +15.6% | +8.5% | |
| Q3 2023 | -7.9% | -8.3% | -8.0% | |
| Q2 2023 | +7.2% | +7.3% | +2.9% | |
| Q1 2023 | -6.6% | -9.7% | -9.9% | |
| Q4 2022 | -3.6% | -4.2% | +3.2% | |
| Q3 2022 | +14.0% | +3.3% | +3.5% | |
| Q2 2022 | -1.5% | -4.6% | -4.5% | |
| Q1 2022 | +8.3% | +19.4% | +8.7% | |
| Q4 2019 | -17.0% | -19.2% | -27.7% | |
| Q4 2021 | +0.0% | -22.5% | -27.8% | |
| Q3 2020 | -3.6% | -2.9% | -8.3% | |
| Q3 2021 | -3.6% | -2.9% | -8.3% | |
| Q2 2020 | -0.7% | -7.6% | -13.2% | |
| Q2 2021 | -7.0% | -9.5% | -18.3% | |
| Q1 2020 | +3.1% | +5.4% | +9.3% | |
| Q4 2020 | +3.1% | +5.4% | +9.3% | |
| Q1 2021 | -11.6% | -3.0% | +6.5% |
Discussion
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