Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses (Yoolim Lee/Bloomberg)
Yoolim Lee / Bloomberg:
Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses — – Shortfall overshadows stronger-than-expected sales growth — E-commerce company’s Farfetch acquisition weighs on net income