Coupang Beats Q2 Expectations with 16.4% YoY Revenue Growth and $8.52 Billion Sales

Coupang (NYSE:CPNG) reported Q2 revenue of $8.52 billion, a 16.4% YoY increase and a 2.1% beat on analyst estimates. However, its GAAP profit of $0.02 per share missed consensus estimates by 70.6%. The company's active customers increased by 1.86 million YoY to 23.9 million. Coupang's revenue growth has been strong, with a 17.5% compounded annual growth rate over the last three years.

Coupang (NYSE: CPNG) has announced its financial results for the second quarter of 2025, showing robust revenue growth but a disappointing profit performance. The company reported net revenues of $8.5 billion, a 16% year-over-year (YoY) increase and a 2.1% beat on analyst estimates. However, its GAAP profit of $0.02 per share missed consensus estimates by 70.6%.

The company's active customers increased by 1.86 million YoY to 23.9 million, reflecting strong customer acquisition and retention efforts. Coupang's revenue growth has been consistent over the past three years, with a 17.5% compounded annual growth rate (CAGR).

Coupang's gross profit margin improved to 30.0%, up by 79 basis points (bps) YoY, while its operating income increased by $174 million to $149 million. However, the company's net income of $31 million missed consensus estimates by $109 million, primarily due to a KFTC administrative fine recorded last year.

The Developing Offerings segment, which includes Coupang's fintech and other services, saw a 33% YoY increase in net revenues, but it remained unprofitable with an adjusted EBITDA loss of $235 million. The Product Commerce segment, which includes Coupang's core e-commerce business, generated $7.3 billion in net revenues, up 14% YoY, and reported a gross profit margin of 32.6%.

Coupang's operating cash flow for the trailing twelve months decreased by $297 million YoY to $1.9 billion, while free cash flow decreased by $729 million YoY to $784 million. The decrease in free cash flow was primarily driven by timing of capital expenditures and working capital fluctuations.

Coupang will host a conference call to discuss its second quarter results on August 5, 2025, at 2:30 PM PT/5:30 PM ET. A live webcast of the conference call will be available on the company's investor relations website, ir.aboutcoupang.com [1].

References:
[1] https://www.businesswire.com/news/home/20250805957728/en/Coupang-Announces-Results-for-Second-Quarter-2025