[Breaking News] Coupang, second quarter operating loss of 34.2 billion won… Sales exceeded KRW 10 trillion
Coupang Inc announced on the 7th that it recorded an operating loss of 34.2 billion won in the second quarter of this year. This is the first loss in eight quarters since the first quarterly operating surplus in the third quarter of 2022. Sales were KRW 10.357 trillion (USD 7.323 billion) compared to the previous year (KRW 5.83 billion).
https://n.news.naver.com/mnews/article/277/0005455913?sid=101
Coupang’s quarterly sales exceeded KRW 10 trillion… Kim Beom-seok “There are endless opportunities for growth” – Money S
Coupang’s sales in the second quarter of this year reached the 10 trillion won range, breaking its quarterly sales record. Expectations are growing that Coupang, which exceeded 30 trillion won in annual sales last year for the first time in the distribution industry, will be able to achieve annual sales of 40 trillion won this year. Kim Beom-seok, Chairman and Founder of Coupang Inc, said, “Future growth opportunities are
https://www.moneys.co.kr/article/2024080715493410846
Coupang’s quarterly sales exceeded 10 trillion won for the first time in the second quarter of this year (April to June). However, Coupang ended the ‘planned deficit’ that had continued since its founding in 2010 and returned to deficit eight quarters after rising to surplus. Even excluding the Fair Trade Commission fine that cut into second quarter performance, Coupang’s fortunes have weakened. Accordingly, Coupang is looking for opportunities for a rebound by increasing paid membership fees. United States – Beomseok Kim, Marketplace, WeMakePrice, Timon, Temu, Farfetch, Coupang, Coupang Eats, Ali, Fair Trade Commission
https://m.hankookilbo.com/News/Read/Amp/A2024080712080004826
That damn fee increase haha