[Breaking] Coupang, Inc. Posts 642.3 Billion Won Q3 Operating Loss, Swings to Loss from a Year Earlier
Coupang, Inc., the parent company of Coupang, posted revenue of KRW 14 trillion in the third quarter of this year, but recorded an operating loss of more than KRW 600 billion.
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According to Coupang, Inc.'s consolidated results report for the third quarter, filed with the U.S. Securities and Exchange Commission (SEC) on November 4 (Korea time), revenue for the quarter was $9.962 billion, up 7% from $9.267 billion in the same period a year earlier. Converted at the average won-dollar exchange rate of KRW 1,427.52 during the period, this amounts to KRW 14.2209 trillion. The company posted an operating loss of $450 million (KRW 642.3 billion), turning to a loss from an operating profit of $162 million (KRW 224.5 billion) in the same period a year earlier.
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