Coupang, Inc. (CPNG) Announced Q1 2026 Earnings on May 5, 2026, Reporting "total net revenues of $8.5 billion"

For the first quarter of 2026, Coupang reported total net revenues of $8.5 billion for the quarter, representing growth of 8 percent on both a reported and constant currency basis.

Consolidated gross profit was $2.3 billion with a 27 percent margin.

The company reported an operating loss for the quarter of $242 million and a net loss attributable to Coupang stockholders of $266 million, resulting in a diluted loss per share of $0.15.

Consolidated adjusted EBITDA was $29 million.

Trailing 12-month free cash flow was $301 million.

Management focused on the ongoing recovery from a recent data incident.

The company noted that the vast majority of WOW members never left, and Coupang has closed nearly 80 percent of the decline in WOW memberships that followed the incident.

The $1.2 billion voucher program issued in response to the incident, as well as temporary inefficiencies in the network, pressured profitability this quarter.

Regarding its Developing Offerings, Coupang highlighted its continuing investments in Taiwan, where its own last-mile delivery network now covers the vast majority of volume and offers next-day delivery to most consumers.

The company also repurchased $391 million of stock during the quarter, and the Board of Directors approved an additional $1 billion to be added to a stock repurchase program.

For the second quarter of 2026, Coupang anticipates consolidated constant currency revenue growth of 9 percent to 10 percent.

The company also expects a consolidated adjusted EBITDA margin year-over-year contraction of approximately 300 to 400 basis points for the second quarter.

For the full year, Developing Offerings segment adjusted EBITDA losses are expected to be between $950 million and $1 billion.

Management expects annual margin expansion to resume next year.