Coupang Reports $556 Million Operating Loss in Q2, First Half Loss Exceeds $1 Billion

Coupang Inc. reported an operating loss of 835 billion won ($556 million) for the second quarter of this year, marking a shift to a deficit compared to the same period last year, the company announced on August 5.

This follows a return to losses in the first quarter after a data breach incident last year, resulting in consecutive operating losses for the second quarter. The operating loss for Q2 surpassed the annual operating profit of 679 billion won recorded last year, making it the largest quarterly loss since Coupang went public on the New York Stock Exchange in 2021.

Revenue reached 13.307 trillion won ($8.856 billion), a 4% increase from the previous year, setting a new record. When adjusted for fixed exchange rates, revenue grew by 10%. The net loss for the second quarter was reported at 856 billion won ($570 million), continuing the trend of consecutive net losses.

As a result, the cumulative operating loss and net loss for the first half of the year amounted to 1.1895 trillion won ($798 million) and 1.2457 trillion won ($836 million), respectively. This marks the first time Coupang Inc. has exceeded a 1 trillion won loss in the first half, representing the largest deficit in its history.

The first half operating loss is nearly equivalent to the combined operating profit of 1.2813 trillion won from the last two years (2024-2025). The first half net loss also exceeded three times the combined net profit of 397 billion won during the same period.