Coupang Surpasses 8 Trillion Won in Q3 Sales for the First Time... Five Consecutive Quarters of Profitability

Sales of 8.1028 trillion KRW... 18% increase YoY
Operating profit of 114.6 billion KRW... 11% growth

Coupang achieved its highest-ever quarterly sales by surpassing 8 trillion won in revenue in the third quarter of this year.

[Image source=Yonhap News]

According to Coupang's third-quarter earnings report submitted to the U.S. Securities and Exchange Commission (SEC) on the 8th (Korean time), Coupang's third-quarter sales reached 8.1028 trillion won (6.18355 billion dollars · quarterly exchange rate 1310.39), an 18% increase compared to the same period last year (6.8383 trillion won). Sales in dollar terms increased by 21%.

This is the first time Coupang has surpassed the 8 trillion won mark in quarterly sales. Coupang first exceeded 7 trillion won in sales in the fourth quarter of last year (7.2404 trillion won) and has now reached the 8 trillion won level in just three quarters.

Coupang's operating profit for the third quarter was 114.6 billion won (87.48 million dollars), an 11% increase compared to the same period last year. In dollar terms, it increased by 13%. This marks five consecutive quarters of operating profit since the third quarter of last year and three consecutive quarters of profit this year.

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