Coupang, Inc.
CPNGQ3 2023(CPNG Q2 FY2023)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$299.8M
AI Revenue (Q)
$116.8M
Total Revenue (Q)
$5.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 2023 total revenue was $5.838B (Net retail sales $5.140B, Net other revenue $698M). No AI segment or AI revenue disclosure. Other revenue growing faster than retail (25% YoY vs 15%) suggests increasing merchant services/advertising, some of which is AI-powered targeting. Still no direct AI product sales. Math: $5.838B * 2% = ~$117M estimated AI-adjacent revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Net retail sales $5,140,346, Net other revenue $697,543, Total net revenues $5,837,889 (in thousands, Q2 2023)
10-Q Q2 2023, Income Statement
AI Products Identified (Ring 1)
AI-powered product recommendationsLogistics routing optimizationDemand forecasting algorithms
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Third-party merchant advertising (AI-targeted)Rocket Delivery route optimization
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix