EarningsAdjusted EBITDA of US$421mn was 12% ahead of consensus and 28% ahead of expectations as losses from Developing Offerings were much lower than expected.
Market ShareCoupang continues to gain market share due to improved user experience, growth in active consumers, and increased same-day and dawn deliveries.
Operational EfficiencyMargin recovery is well on track, thanks to improving operational efficiency, scale effect and an on-going industry consolidation favoring the leading retail company.