252 annotations
Page 4 of 13
Over the past two quarters, we’ve driven a total improvement of over $350 million, a reflection of our disciplined execution across our business.
(No comment added)
Transcript
2022 Q2
17 Aug 22
And for the first time as a public company, we reached positive adjusted EBITDA for the total company, with $66 million in adjusted EBITDA for Q2. This represents a $157 million quarter-over-quarter improvement that follows a $194 million quarter-over-quarter improvement in the prior quarter.
(No comment added)
Transcript
2022 Q2
17 Aug 22
we continue to see strong growth in our net revenue per active customer, increasing 20% year-over-year on a constant currency basis, as our customers continue to deepen their engagement with our services.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Active Customers in our Eats offering declined, due in part to a minus 11% contraction quarter-over-quarter in the overall online food delivery segment after the loosening of COVID restrictions.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Our Active Customers grew 5% year-over-year, but declined quarter-over-quarter by 1%.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Our total net revenue grew 12% year-over-year on a reported basis, or 27% in constant currency. Quarter-over-quarter we grew minus 1.5% on a reported basis or 3.1% in constant currency.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Developing Offerings: Revenues increased 24% year-over-year, but declined 7% quarter-over-quarter on a constant currency basis, driven primarily by our Eats offering.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Specifically, investments in video, fintech, and international have the potential to expand the TAM for Coupang beyond the forecasted $290 billion in e-commerce sales by 2025.
(No comment added)
Transcript
2022 Q2
17 Aug 22
We estimate that for 2022, these two efforts alone will save the equivalent of 8 million trees and offset the majority of the carbon footprint of our existing delivery fleet
(No comment added)
Transcript
2022 Q2
17 Aug 22
Another investment we’re especially proud of is our effort to create a more sustainable environment. We invested in process and infrastructure changes to eliminate our box packaging for over 85% of our Rocket deliveries
(No comment added)
Transcript
2022 Q2
17 Aug 22
Customers love the convenience of ordering everything in a single checkout experience, and the combined scale of both offerings generates economies that are difficult to match for any offline retailer or standalone fresh grocer online.
(No comment added)
Transcript
2022 Q2
17 Aug 22
we’re the only online grocer that offers free shipping for orders above just $11.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Product Commerce revenues grew at 27% year-over-year and 3% quarter-over-quarter on a constant currency basis. In contrast, the broader product e-commerce segment in Korea grew 6% year-over-year and zero percent quarter-over-quarter.
(No comment added)
Transcript
2022 Q2
17 Aug 22
We believe the progress we’ve made and the 2% adjusted EBITDA that we recorded in Product Commerce in Q2 is just a glimpse of the significant long-term profitability of our business.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Despite ongoing inflationary headwinds, these positive results were driven by levers that we highlighted in Q1: benefits from investments in technology, infrastructure, automation, supply chain optimization, and scaling margin-accretive offerings, including advertising.
(No comment added)
Transcript
2022 Q2
17 Aug 22
In Q2, Product Commerce generated $98 million of adjusted EBITDA, an improvement of $95 million quarter-over-quarter and $146 million year-over-year.
(No comment added)
Transcript
2022 Q2
17 Aug 22
A recent study by KPMG found Coupang to have a 25% to 60% average price advantage compared to major competitors for top selling items across the categories surveyed.
(No comment added)
Transcript
2022 Q2
17 Aug 22
we remain a small portion of what is expected to soon become the third largest e-commerce opportunity in the world.
(No comment added)
Transcript
2022 Q2
17 Aug 22
In just three short years, by 2025, that e-commerce segment is projected to exceed $290 billion in sales.
(No comment added)
Transcript
2022 Q2
17 Aug 22
Third, constant currency revenues grew 27% year-over-year and 3% quarter-over-quarter, and revenue per active customer for the overall business grew 20% year-over-year and 4% quarter-over-quarter on a constant currency basis.
(No comment added)
Transcript
2022 Q2
17 Aug 22