Coupang reports first quarter net profit of $90.9 million
Since the third quarter of 2022, Coupang has reported a net profit for three consecutive quarters.
First quarter revenue jumped 13 percent on year to $5.8 billion, above market consensus of $5.64 billion.
Adjusted Ebitda was $241 million.
The e-commerce company had 19 million active users in the first quarter, 5 percent up from the same period a year before.
BY LEE JAE-LIM [lee.jaelim@joongang.co.kr]
with the Korea JoongAng Daily
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