Coupang Q4 revenue $8.84B misses, EPS -$0.01, EBITDA $567M
Coupang reported Q4 revenue of $8.84 billion, up 10.9% year-over-year but 3.4% below the $9.14 billion consensus; EPS was -$0.01 versus the $0.02 forecast. Product Commerce active customers were 24.6 million, 0.4 million below estimates, while Product Commerce EBITDA came in at $567 million versus $680 million forecast.
1. Q4 Financial Results
Coupang’s Q4 revenue totaled $8.84 billion, up 10.9% from a year earlier but trailing the $9.14 billion consensus by 3.4%. The company reported EPS of -$0.01 versus the $0.02 forecast, down from $0.04 in the prior-year quarter.
2. Revenue and Segment Metrics
In the Product Commerce segment, revenue was $7.41 billion, falling short of the $7.79 billion estimate, while Developing Offerings generated $1.43 billion, above the $1.35 billion consensus. Adjusted EBITDA for Product Commerce reached $567 million versus $680 million expected, and the Developing Offerings loss widened to $300 million versus a $264.6 million estimate.
3. Customer and EBITDA Trends
Product Commerce active customers totaled 24.6 million, missing the 24.99 million forecast by 0.4 million and highlighting user growth challenges. The EBITDA miss in the core commerce business underscores ongoing profitability pressures.
4. Stock Performance and Outlook
Shares have declined 9.7% over the past month compared with a 0.6% rise in the broader market. With a sell rating, investors will watch for margin improvements or cost reductions to support a valuation rebound.