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coupang Coupang Announces First Quarter 2021 Results SEOUL- ( BUSINESS WIRE ) May 12 , 2021 - Coupang , Inc. ( NYSE : CPNG ) today announced financial results for its first quarter ended March 31 , 2021 . Key Financial and Operational Highlights ● Total net revenues increased 74 % on a reported basis and 63 % on a constant currency basis . Total Active Customers grew 21 % year over year to 16 million and total net revenues per Active Customer was up 44 % to $ 262 in the first quarter . Gross profit was $ 733 million in the first quarter , a 70 % increase from last year . " Coupang was founded with a mission to make customers wonder ' How did I ever live without Coupang ? ' —a vision that forced us to reexamine the tradeoffs in commerce and to build hard things to tackle them , " said Founder , Bom Suk Kim . " Our strong 2021 first quarter results show that we are making meaningful progress towards that goal . We're excited that our underlying fundamentals are better than ever and our differentiation keeps growing over time . " First Quarter 2021 Results Total net revenues ... Total net revenues growth , constant currency¹ Active Customers Total net revenues per Active Customer . Gross profit² . Net loss . Adjusted EBITDA¹ 1 . Three Months Ended March 31 , 2021 2020 % Y / Y Change ( in thousands , except net revenues per Active Customer ) $ 4,206,860 $ 2,413,259 74 % 63 % 21 % 44 % 70 % 180 % NM³ 16,037 $ 262 $ 732,506 ( 295,033 ) ( 132,966 ) 13,278 $ 182 $ 430,295 ( 105,353 ) ( 41,845 ) Total net revenues growth , constant currency and adjusted EBITDA are non - GAAP financial measures as defined by the Securities and Exchange Commission ( the " SEC " ) . See the " Non - GAAP Financial Measures " and " Reconciliation of Non - GAAP Measures " sections herein for more information regarding our use of these measures and reconciliations to the most directly comparable financial measures calculated in accordance with accounting principles generally accepted in the United States of America ( " U.S. GAAP " ) . 2 Gross profit is calculated as total net revenues minus cost of sales . 3. Non - meaningful .