Executive Summary
- •Net revenue rose 4% from the prior year to $8.9 billion.
- •The company swung to an operating loss of $556 million, missing the projected $361 million loss.
- •The deficit was driven by a $409 million administrative fine following a massive personal data leak in South Korea.
Community Sentiment
Key Developments & Data
Coupang reports a $556 million operating loss for the second quarter.
Net revenue rose 4% from the prior year to $8.9 billion.
The company swung to an operating loss of $556 million, missing the projected $361 million loss.
The deficit was driven by a $409 million administrative fine following a massive personal data leak in South Korea.
Shares of the US-listed online retailer Coupang $CPNG slid around 5% in post-session trading.
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