Quarterly ResultMay 5, 2026, 04:13 PM
Coupang Q1 Net Loss $(266)M; Approves $1B Additional Stock Buyback
AI Summary
Coupang, Inc. reported a net loss attributable to stockholders of $(266) million for the first quarter of 2026, a significant decline from net income in the prior year, despite an 8% year-over-year increase in total net revenues to $8.5 billion. Operating income turned into a loss of $(242) million, and Adjusted EBITDA plummeted by 92% to $29 million. Concurrently, the company's Board of Directors approved an additional $1 billion for its ongoing stock repurchase program, having already repurchased $391 million in Q1.
Key Highlights
- Board approved an additional $1 billion for the stock repurchase program.
- Repurchased $391 million of Class A common stock during Q1 2026.
- Total net revenues increased 8% YoY to $8.5 billion (8% constant currency).
- Net loss attributable to stockholders was $(266) million, down $373 million YoY.
- Diluted EPS was $(0.15), a decrease of $0.21 YoY.
- Adjusted EBITDA was $29 million, a 92% decrease YoY.
- Product Commerce net revenues grew 4% YoY to $7.2 billion.
- Developing Offerings net revenues grew 28% YoY to $1.3 billion.