NYSE$CPNG
Coupang Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Coupang's Q4 2022 results were announced, featuring record profit and significant improvements in key financial metrics.
Coupang reported a strong Q4 2022 with total net revenues of $5.3 billion, a net income of $102 million, and an adjusted EBITDA of $211 million. The company saw significant year-over-year improvements in gross profit and adjusted EBITDA, demonstrating progress towards profitability. They are updating their long-term adjusted EBITDA guidance to 10% or higher.
- Total net revenues increased by 5% year-over-year to $5.3 billion.
- Net income reached $102 million, a $507 million improvement year-over-year.
- Gross profit surged by 59% year-over-year to $1.3 billion, with a gross profit margin of 24.0%.
- Adjusted EBITDA was $211 million, reflecting a $496 million improvement year-over-year.
Headline financials
Revenue & EPS history
Coupang · Revenue · Quarterly
$5.33B
Revenue by segment
Coupang · $5.33B total across 2 segments · Q4 2022
- Product Commerce$5.19B+5.4%97.5%
- Developing Offerings$133M-11.9%2.5%
Forward guidance
Coupang expects to see margin expansion in 2023 and anticipates further penetration in the retail market.
Tailwinds
- Company expects to see margin expansion in 2023.
- Company anticipates further penetration in the vast retail market.
- Strong foundation and momentum give them confidence in their ability to drive growth.
- Investments in new initiatives like food delivery, video streaming, fintech and international have the potential to unlock outsized value for customers and shareholders
- The overwhelming majority of the retail market is still offline with high prices and limited selection
Headwinds
- Margin expansion may not be meaningful or consistent each quarter.
- Continued growth of the retail market and the increased acceptance of online transactions by potential customers
- Competition in the industry
- Managing growth and expansion into new markets and offerings
- Impact of the global economy including inflation and foreign currency exchange rates
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 Q4 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
| 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% |
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