Coupang Reports Q4 Operating Profit of 113.3 Billion KRW... Second Consecutive Quarter of Profitability

Quarterly Record High Sales of 7.2 Trillion Won

Coupang Daegu Fulfillment Center (FC) exterior view [Photo by Coupang].

Coupang recorded operating profits exceeding 100 billion KRW for two consecutive quarters. Quarterly sales also surpassed 7 trillion KRW for the first time.

According to the earnings report Coupang submitted to the U.S. Securities and Exchange Commission (SEC) on the 1st (Korean time), Coupang's operating profit for Q4 last year was 113.3 billion KRW (83.4 million USD·quarterly exchange rate 1359.26), marking operating profits over 100 billion KRW for two consecutive quarters following 103.7 billion KRW (77.42 million USD) in Q3 last year. During the same period, sales increased by 21% compared to the same quarter of the previous year (6.0065 trillion KRW) to 7.2404 trillion KRW (5.32677 billion USD), surpassing 7 trillion KRW in quarterly sales for the first time.

Net income exceeded the 100 million USD mark for the first time, recording 138.7 billion KRW (102.06 million USD). Considering that Coupang posted an operating loss of 469.2 billion KRW and a net loss of 479.1 billion KRW in Q4 2021, this represents a successful turnaround to profitability within one year.

Coupang's annual sales last year reached a record high of 26.5917 trillion KRW (20.58261 billion USD·annual exchange rate 1291.95), a 26% increase from the previous year (21.0646 trillion KRW). The scale of Coupang's operating loss last year was 144.7 billion KRW (112.01 million USD), reduced to about one-tenth compared to the previous year (1.7097 trillion KRW).

This content was produced with the assistance of AI translation services.