Summary by Moomoo AI
Coupang, Inc. reported a significant increase in total net revenues for Q2 2024, with a 25% year-over-year growth to $7.32 billion, and a 24% increase to $14.44 billion for the first half of the year. The company's net loss widened to $105 million for the quarter and $129 million for the six-month period, compared to a net income of $145 million and $236 million in the same periods of the previous year. Adjusted EBITDA rose by 10% to $330 million for the quarter and by 13% to $611 million for the six-month period. Free cash flow saw an 8% increase to $488 million for the quarter, but a 31% decrease to $595 million for the six-month period. The acquisition of Farfetch, a luxury fashion marketplace, contributed $460 million in net revenues for the...Show More
