Coupang releases transcript of Q2 2026 earnings call

For Q3, Coupang forecast constant-currency revenue growth of 8%-9%. Adjusted EBITDA margin contraction is seen at 300-400 bps due to Chuseok timing and seasonality.

Coupang held its Q2 2026 earnings call with Founder and CEO Bom Kim, CFO Gaurav Anand, and IR lead Mike Parker.

• Consolidated net revenue was USD 8.9 billion, with 10% constant-currency growth.
• Adjusted EBITDA was USD 163 million, with a 1.8% margin, excluding USD 410 million fines.
• Product Commerce revenue was USD 7.4 billion, with 8% constant-currency growth.
• Active customers reached 24.7 million, and WOW membership was above pre-incident levels.

Korean regulators imposed USD 410 million in administrative fines; these were recorded in OG&A. Coupang plans to appeal. GAAP operating loss was USD 556 million.