NYSE$CPNG

Coupang Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Coupang achieved record net profit and improved gross profit margin.

Coupang reported total net revenues of $5.1 billion, up 27% year over year on an FX-neutral basis. The company achieved a record net income of $91 million and an adjusted EBITDA of $195 million, representing 3.8% of total net revenue.

  • Total net revenues reached $5.1 billion, a 10% increase year-over-year, or 27% on an FX-neutral basis.
  • Gross profit totaled $1.2 billion, up 64% year-over-year, with a gross profit margin of 24.2%, an improvement of nearly 800 bps year-over-year.
  • The company achieved record net income of $91 million.
  • Product Commerce net revenues were $4.9 billion, up 10% year-over-year, or 28% on an FX-neutral basis.

Headline financials

Total Revenue

$5.1B

Previous: $4.64B+9.8%
EPS (adj)

$0.05

Previous: -$0.19+126.3%
Active Customers

18.0K

Previous: 16.8K+6.9%
Net Revenue per Active Customer

$284.00

Previous: $276.00+2.9%
Capital Expenditures

-$703M

Previous: -$506M-39.1%
Free Cash Flow

-$612M

Previous: -$830M+26.2%
Net Income

$90.7M

Previous: -$324M+128.0%
Operating Income

$77.4M

Previous: -$315M+124.6%
Gross Profit

$1.23B

Previous: $755M+63.5%
Cash & Equivalents

$2.9B

Previous: $3.93B-26.1%
Total Assets

$8.13B

Previous: $8.59B-5.4%
Stock-Based Comp

$63.1M

Previous: $56.1M+12.4%

Revenue & EPS history

Coupang · Revenue · Quarterly

$5.1B

Q3 2022+9.8%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Coupang · $5.1B total across 2 segments · Q3 2022

  • Product Commerce
    $4.95B+10.4%
  • Developing Offerings
    $154M-5.5%

Forward guidance

No forward guidance provided in the release.

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 Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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%

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