Overview

* Coupang ( CPNG ) Q2 revenue grows 16% YoY, beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 misses analyst expectations

* Operating income rises $174 mln YoY, reflecting improved financial performance

Outlook

* Company expects working capital fluctuations to normalize by year-end

Result Drivers

* REVENUE GROWTH - Net revenues increased 16% YoY to $8.5 bln, driven by strong performance in Product Commerce and Developing Offerings segments

* GROSS PROFIT - Gross profit rose 20% YoY to $2.6 bln

* OPERATING INCOME - Operating income increased by $174 mln YoY, reflecting improved financial management and cost controls

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $8.50 $8.47

Revenue bln bln (6

Analysts

)

Q2 Net $31 mln

Income

Q2 Miss $428 mln $434 mln

Adjusted (4

EBITDA Analysts

)

Q2 Gross 30.0%

Margin

Q2 Gross $2.60

Profit bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the department stores peer group is "buy"

* Wall Street's median 12-month price target for Coupang Inc ( CPNG ) is $32.00, about 7.4% above its August 4 closing price of $29.63

* The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 44 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)