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SEOUL - Coupang, Inc. (NYSE:CPNG) reported first quarter 2025 results that fell short of analyst expectations, sending shares down 2.3% in after-hours trading.
The South Korean e-commerce giant posted adjusted earnings per share of $0.06, missing the consensus estimate of $0.07. Revenue came in at $7.91 billion, below analyst projections of $8.03 billion but up 11% year-over-year and 21% on a constant currency basis.
Gross profit rose 20% to $2.3 billion, with gross margin expanding 217 basis points to 29.3%. Operating income jumped to $154 million, a $114 million increase from the prior year.
The company reported 23.4 million active customers in its Product Commerce segment, up 9% year-over-year. Net revenue per active customer declined 3% to $294, though it rose 6% on a constant currency basis.
For the trailing twelve months, Coupang generated operating cash flow of $2.0 billion and free cash flow of $1.0 billion. The company also announced a new $1 billion stock repurchase program.
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