Coupang Posts Operating Loss of 642.3 Billion Won in Q3... Third Consecutive Quarterly Deficit

Coupang Inc., the U.S. parent company of Coupang, recorded an operating loss of 642.3 billion won in the third quarter of this year.

Following a return to a deficit in the first quarter of this year in the wake of last year's personal data leak incident, this marks the third consecutive quarter of operating losses.

Third-quarter revenue rose 11% year-on-year to 14.2209 trillion won, while net losses reached 715.1 billion won.

Coupang stated that a fire at its Incheon logistics center last July also affected its financial performance.
※ Please note: This article was translated by AI and may contain errors.