Coupang, the South Korean e-commerce giant, reported a net revenue increase of 25% year-over-year (YoY) to $7.3 billion in Q2 2024, with a 41% rise in gross profit to $2.1 billion. Despite these gains, the company posted its first net loss in two years, attributed to the acquisition of the unprofitable Farfetch and a government regulatory fine. The diluted earnings per share (EPS) was negative $0.04, a decline of $0.12 from the previous year. Additionally, product commerce net revenues grew 13% YoY to $6.4 billion, while developing offerings net revenues surged 472% YoY to $892 million. Free cash flow increased by 8%, and the number of active customers grew by 12%, with revenue per active customer up 5%. However, the stock fell by 1.5% in after-hours trading.