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  "documentTitle": "Coupang | Results Presentation Deck | 25 slides",
  "authorId": "coupang",
  "authorName": "Coupang",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
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  "notes": "The slide highlights a specific accounting change (FLC) that artificially inflated the GPM by ~100 bps in Q2 2023.",
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      "kind": "callout",
      "text": "Would have been ~100 bps lower without FLC accounting change",
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      "text": "Gross Profit quarterly trend from Q2 22 to Q2 23",
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      "text": "Note: Starting in Q2 2023, we implemented certain contract changes that resulted in a change to the prospective accounting for FLC revenue (previously on a gross basis, and now on a net basis). We estimate the Q2 2023 GPM would have been approximately 100 bps lower without this accounting change.",
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      "text": "Up 32% YoY\nGPM up 320 bps YoY",
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