South Korean eCommerce company Coupang, known as the Korean Mazon, reported worse than expected earnings Wednesday. CPNG reported mixed results with another revenue miss but on a narrower loss than expected. In a huge milestone CPNG finally achieved positive adjusted EBITDA, a necessary step for the e-commerce firm. Total Active Customers continued to grow., up 21 percent year over year to 16 million. Earnings Coupang narrowed losses in Q2 but another sales miss in a top-line miss in Q2, Coupang. Adjusted … Continue reading “South Korea’s Coupang Narrowed Losses in Q2 Continuing Positive Traction Toward Profitability”
South Korean eCommerce company Coupang reported its first earnings report since it’s IPO Wednesday. CPNG reported mixed results with higher revenue but on a much wider loss than expected. Total Active Customers continued to grow., up 21 percent year over year to 16 million.