Coupang releases transcript of Q2 2026 earnings call

• Coupang held its Q2 2026 earnings call with Founder and CEO Bom Kim, CFO Gaurav Anand, and IR lead Mike Parker.
• Consolidated net revenue USD 8.9 billion; 10% constant-currency growth; adjusted EBITDA USD 163 million; 1.8% margin, excluding USD 410 million fines.
• Product Commerce revenue USD 7.4 billion; 8% constant-currency growth; 24.7 million active customers; WOW membership above pre-incident levels.
• Korean regulators imposed USD 410 million administrative fines; recorded in OG&A; Coupang plans to appeal; GAAP operating loss USD 556 million.
• Q3 constant-currency revenue growth forecast 8%-9%; adjusted EBITDA margin contraction seen at 300-400 bps due to Chuseok timing, seasonality.

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