On August 5, Coupang, Inc. fell 5.48% in after-hours trading to $15.83/share, with turnover of $12.0017 million, after reporting second-quarter results that missed analyst expectations on both the top and bottom lines.

The company reported a Q2 adjusted loss of $0.09 per diluted share, swinging from earnings of $0.02 a year earlier, and missing the consensus estimate of a $0.07 loss by 28.57%. Revenue rose to $8.86 billion from $8.52 billion a year earlier but fell short of the FactSet consensus estimate of $8.92 billion. The earnings miss came despite market expectations that had already factored in a year-over-year decline, with pre-quarter consensus projecting a 206% drop in adjusted EPS.

The results land amid ongoing headwinds including a record 624.7 billion won ($409 million) fine imposed by Korean regulators over a massive data breach affecting nearly 34 million accounts. Coupang had previously warned that customer compensation measures tied to the breach could slow revenue growth this year. Despite these challenges, the company recently achieved a milestone by entering the Fortune Global 500 for the first time.

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