![\"CPNG](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/coupang-inc-cover-image-f3cee51d868a_2024-01-17-181336_imfs.jpeg\")
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Online platform company Coupang (NYSE: CPNG<\/a>) missed Wall Street\u2019s revenue expectations in Q1 CY2026, but sales rose 7.5% year on year to $8.50 billion. Its GAAP loss of $0.15 per share was significantly below analysts\u2019 consensus estimates. <\/p>\n Is now the time to buy Coupang? Find out by accessing our full research report, it\u2019s free<\/a>. <\/p>\n Coupang (CPNG) Q1 CY2026 Highlights:Revenue: $8.50 billion vs analyst estimates of $8.56 billion (7.5% year-on-year growth, 0.6% miss)EPS (GAAP): -$0.15 vs analyst estimates of -$0.07 (significant miss)Adjusted EBITDA: $29 million vs analyst estimates of $21.27 million (0.3% margin, 36.3% beat)Operating Margin: -2.8%, down from 1.9% in the same quarter last yearFree Cash Flow was -$112 million compared to -$278 million in the previous quarterActive Customers: 23.9 million, up 500,000 year on yearMarket Capitalization: $36.61 billionCompany Overview<\/p>\n Founded in 2010 by Harvard Business School student Bom Kim, Coupang (NYSE: CPNG<\/a>) is an e-commerce giant often referred to as the “Amazon of South Korea”.\n<\/p>\n Revenue Growth<\/p>\n A company\u2019s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Luckily, Coupang\u2019s sales grew at an impressive 18.2% compounded annual growth rate over the last three years. Its growth beat the average consumer internet company and shows its offerings resonate with customers. <\/p>\n This quarter, Coupang\u2019s revenue grew by 7.5% year on year to $8.50 billion, missing Wall Street\u2019s estimates. <\/p>\n Looking ahead, sell-side analysts expect revenue to grow 13.9% over the next 12 months, a deceleration versus the last three years. We still think its growth trajectory is attractive given its scale and indicates the market is baking in success for its products and services. <\/p>\n ALSO WORTH WATCHING: Nvidia\u2019s Quiet Partner. Nvidia\u2019s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.<\/p>\n Every AI server needs specialized infrastructure the chip companies don\u2019t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE<\/a>.<\/p>\n Active CustomersBuyer Growth<\/p>\n As an online retailer, Coupang generates revenue growth by expanding its number of users and the average order size in dollars. <\/p>\n Over the last two years, Coupang\u2019s active customers, a key performance metric for the company, increased by 7.9% annually to 23.9 million in the latest quarter. This growth rate is decent for a consumer internet business and indicates people enjoy using its offerings. In Q1, Coupang added 500,000 active customers, leading to 2.1% year-on-year growth. The quarterly print was lower than its two-year result, suggesting its new initiatives aren\u2019t accelerating buyer growth just yet. <\/p>\n Revenue Per Buyer<\/p>\n Average revenue per buyer (ARPB) is a critical metric to track because it measures how much customers spend per order. <\/p>\n Coupang\u2019s ARPB growth has been decent over the last two years, averaging 5.8%. Its ability to increase monetization while growing its active customers demonstrates the value of its platform. This quarter, Coupang\u2019s ARPB clocked in at $355.82. It grew by 5.3% year on year, faster than its active customers. <\/p>\n Key Takeaways from Coupang\u2019s Q1 Results<\/p>\n We were impressed by how significantly Coupang blew past analysts\u2019 EBITDA expectations this quarter. On the other hand, its revenue slightly missed. Overall, this print had some key positives. Investors were likely hoping for more, and shares traded down 6.4% to $19.49 immediately following the results. <\/p>\n![\"Coupang](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/Coupang-Quarterly-Revenue_2026-05-05-202556_qmem.png\"\/)
<\/p>\n![\"Coupang](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/Coupang-Active-Customers_2026-05-05-202600_bfrg.png\"\/)
<\/p>\n![\"Coupang](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/Coupang-ARPB_2026-05-05-202604_utri.png\"\/)
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