South Korea's Coupang Q1 revenue, adj EBITDA miss estimates

Coupang

05/05/2026 21:22

Overview

South Korea e-commerce firm's Q1 revenue rose 8% but missed analyst expectations

Adjusted EBITDA for Q1 missed analyst expectations, falling 92% yr/yr

Company repurchased $391 mln in shares, adds $1 bln to buyback program

Outlook

Company did not provide specific guidance for current or future periods

Result Drivers

PRODUCT COMMERCE SLOWDOWN - Product Commerce segment net revenues grew 4% YoY, with gross profit up just 1% and margin down 101 bps

DEVELOPING OFFERINGS GROWTH AND LOSSES - Developing Offerings segment net revenues rose 28% YoY, but segment adjusted EBITDA losses widened by $161 mln YoY

MARGIN PRESSURE - Consolidated gross profit margin fell 228 bps YoY to 27.0% and adjusted EBITDA margin dropped 449 bps YoY to 0.3%

Company press release: ID:nBw4T6NsGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$8.5 bln
$8.64 bln (8 Analysts)
Q1 Net Income
-$266 mln
Q1 Adjusted EBITDA
Miss
$29 mln
$113.48 mln (8 Analysts)
Q1 Gross Margin
27%
Q1 Gross Profit
$2.3 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the department stores peer group is "buy"

Wall Street's median 12-month price target for Coupang Inc is $28.80, about 42.2% above its May 4 closing price of $20.26

The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 51 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)