Coupang Inc - Class A

Coupang delivered a bruising fourth quarter, missing on both top and bottom lines as the fallout from a major data breach disrupted its core business at a critical moment. The South Korean e-commerce giant posted an EPS of $-0.01 against a consensus estimate of $0.05, a 120.00% miss, while revenue of $8.84 billion fell 3.13% short of the $9.12 billion analysts had expected, even as it grew 10.9% year over year. The culprit was a data incident in which a former employee illegally accessed more than 33 million user accounts, dragging on revenue growth, active customer counts, and WOW membership beginning in December. Operating income collapsed to $8.00 million from $312.00 million a year ago, and free cash flow swung to negative $278.00 million versus positive $463.00 million in the prior-year period. The damage was severe enough that card spending data showed Coupang losing ground to rivals as shoppers churned away. Management offered a cautiously optimistic note, saying growth rate impacts have begun to stabilize and recover heading into Q1 2026, though no formal financial guidance was provided.