Key facts
- Coupang reported a net loss of 865 billion won (US$570 million) for the second quarter.
- This loss is attributed to record fines of 624.7 billion won imposed over a data breach and unauthorized data collection.
- Sales in its core Product Commerce segment increased by 1% to $7.42 billion.
- The company repurchased $459 million worth of shares during the quarter.
South Korean e-commerce giant Coupang Inc. reported a net loss of 865 billion won (US$570 million) for the second quarter, a significant shift from a net profit of 43.5 billion won in the same period last year. The company attributed the loss primarily to substantial fines related to a massive data breach that occurred in November 2025, affecting over 37 million customers.
In June, the Personal Information Protection Commission levied a record fine of 624.7 billion won against Coupang for the data breach and for collecting users' online activity without consent. This regulatory action significantly impacted the company's financial results.
Despite the net loss, Coupang's core Product Commerce segment saw a 1 percent increase in sales, reaching $7.42 billion. The Developing Offerings segment, which includes its Taiwan business and food delivery service Coupang Eats, experienced a 20 percent revenue increase to $1.43 billion. The number of active customers in the Product Commerce business grew by 3 percent to 24.7 million.
Financially, Coupang also reported an operating loss of 835 billion won, contrasting with an operating profit of 209.3 billion won in the prior year. Total sales for the quarter rose 4 percent to 13.3 trillion won. The company also continued its share repurchase program, buying back $459 million worth of shares in the second quarter.