[2nd report] Coupang Inc, operating loss of 642.3 billion won in the third quarter… Sales increased by 11%

Coupang Inc, a company listed on the New York Stock Exchange, announced on the 3rd (local time) that it recorded an operating loss of 642.3 billion won ($450 million) in the third quarter of this year, turning into a loss compared to the same period last year.

Coupang Inc turned to a loss in the first quarter of this year following a personal information leak last year and continued to suffer operating losses for three consecutive quarters.

The operating loss in the first quarter was KRW 354.5 billion, and the second quarter, when fines for personal information leakage were reflected, recorded the largest deficit ever at KRW 835 billion.

Sales amounted to KRW 14.2209 trillion (USD 9.962 billion), an 11% increase compared to the third quarter of last year (KRW 12.8455 trillion).

The net loss for the third quarter was KRW 715.1 billion (USD 501 million), which also turned into a deficit compared to the same period last year, marking the third consecutive quarter of deficit.