South Korea's Coupang narrows loss to $92m in 2022

This improved by $1.5b.

South Korean e-commerce firm Coupang reported a $92m net loss in 2022, an improvement of $1.5b compared to 2021.

Over the same period, total net revenues stood at $20.6b, up by 12% year-on-year, or 26%YoY on an FX-neutral basis.

Total gross profit improved 60%YoY to $4.7b, with a gross profit margin of 22.9%, an expansion of over 680 basis points YoY.

“The results this quarter and the continued progress you see are a reflection of years of investment and innovation by our teams to attack the biggest trade-offs for customers,” said Bom Kim, Founder and CEO of Coupang.

During the quarter, Coupang’s revenue went up by 5%YoY to $5.3b. It also recorded a net income of $102m, up by $507m.

Follow the link for more news on

Coupang

Also Read

Walmart partners with Meituan to boost e-commerce in China

Competition for ultra-fast food delivery in India fiercer as demand grows

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit