Coupang, Inc. (CPNG) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.556 Hello, everyone. My name is Krista, and I will be your conference operator today. 00:00:03.556 -- 00:00:08.583 At this time, I would like to welcome everyone to the Coupang 2026 First Quarter 00:00:08.583 -- 00:00:13.010 Earnings Conference Call. All lines have been placed on mute to prevent any background 00:00:13.010 -- 00:00:18.077 noise. After the speaker's remarks, there will be a question and answer session. 00:00:18.077 -- 00:00:21.763 If you would like to ask a question during this time, simply press star followed by the 00:00:21.763 -- 00:00:25.828 number five on your telephone keypad. If you would like to withdraw your question, press 00:00:25.828 -- 00:00:30.701 star and the number five once again. Now I'd like to turn the call over to Mike Parker, 00:00:30.701 -- 00:00:35.087 Vice President of Investor Relations. You may begin your conference. 00:00:35.087 -- 00:00:40.133 Thanks, Operator. Welcome, everyone, to Coupang's first quarter's 2026 earnings 00:00:40.133 -- 00:00:45.280 conference call. I'm pleased to be joined on the call today by our founder and CEO, Bom 00:00:45.280 -- 00:00:49.165 Kim, and our CFO, Gore Bonin. 00:00:49.165 -- 00:00:53.230 The following discussion, including responses to your questions, reflects management's 00:00:53.230 -- 00:00:58.368 views as of today's date only. We do not undertake any obligation to update or revise 00:00:58.368 -- 00:01:02.134 this information, except as required by law. 00:01:02.134 -- 00:01:06.060 Certain statements made on today's call may include forward-looking statements. 00:01:06.060 -- 00:01:10.647 Actual results may differ materially. Additional information about factors that could 00:01:10.647 -- 00:01:15.574 potentially impact our financial results is includ...