Coupang Inc, the parent of Coupang, posted third-quarter revenue of 14 trillion won this year but recorded an operating loss of more than 600 billion won.
According to the third-quarter consolidated earnings report that Coupang Inc filed with the U.S. Securities and Exchange Commission (SEC) on the 4th (Korea time), third-quarter revenue was $9.962 billion, up 7% from $9.267 billion a year earlier. Applying the average won-dollar exchange rate for the period (1,427.52 won), that comes to 14.2209 trillion won.
The operating loss was $450 million (642.3 billion won), a swing to a loss from an operating profit of $162 million (224.5 billion won) in the same period a year earlier.