Coupang-Q1 earnings
Coupang swings to net loss in Q1 amid fallout from data breach
SEOUL, May 6 (Yonhap) -- U.S.-listed e-commerce giant Coupang Inc. said Wednesday it swung to a net loss in the first quarter amid fallout from a massive customer data breach in South Korea.
The company posted a net deficit of $266 million in the January-March period, compared with a net profit of $114 million a year earlier, Coupang said in a regulatory filing.
Coupang also turned to an operating loss of $242 million in the first quarter from a net profit of $154 million a year ago, while sales rose 8 percent on year to $8.5 billion.
Coupang Korea, which generates more than 90 percent of the group's total revenue, has faced a public backlash following disclosure of a data breach in November 2025 involving some 33.6 million customers.
Coupang headquarters in Seoul is seen in this file photo dated Jan. 29, 2026. (Yonhap)
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