Earnings per Share

6 Months Ended

Jun. 30, 2024

Basic earnings per share is computed by dividing net (loss) income attributable to Coupang stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net (loss) income attributable to Coupang stockholders by the weighted-average number of shares of common stock and potentially dilutive common stock outstanding during the period.

We have two classes of common stock outstanding, Class A common stock and Class B common stock (collectively “common stock”), with equal rights to dividends and income. Earnings per share attributable to Coupang stockholders are therefore the same for Class A and Class B common stock, both on an individual and combined basis.

The following table presents the calculation of basic and diluted earnings per share attributable to Coupang stockholders:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except per share amounts)	2024		2023		2024		2023
Numerator:
Net (loss) income attributable to Coupang stockholders	$	(77)	$	145	$	(72)	$	236

Denominator:
Weighted-average shares used in computing net (loss) income per share attributable to Class A and Class B common stockholders:
Basic	1,789		1,780		1,791		1,777
Dilutive effect of equity compensation awards	—		21		—		20
Diluted	1,789		1,800		1,791		1,797

Earnings per share:
Basic	$	(0.04)	$	0.08	$	(0.04)	$	0.13
Diluted	$	(0.04)	$	0.08	$	(0.04)	$	0.13

Anti-dilutive shares	34		4		28		5

Note: Amounts may not foot due to rounding.