(Coupang) Coupang’s net revenue in the second quarter was $4.478 billion, up 71% from the comparable period of last year.
Fresh revenue expanded by 100% year over year to exceed $2 billion run-rate, while the contribution margin rose by almost 1,000 basis points from last year.
Adjusted gross profit grew 86% year over year to hit a record $816 million.
Net loss widened to $518.6 million in the second quarter, up from a net loss of $102 million in the comparable quarter of 2020.
Coupang’s active customers rose by 26% year over year to reach 17 million, with revenue per active customer up 36% year over year.
The company accounted for 43% of all U.S foreign direct investments in Korea during the first half of this year.
CPNG: NYSE is down -12.28% on premarket.
