Coupang Posts Surprise Loss After Data Breach Fallout Deepens

Coupang Inc. reported a surprise loss in the fourth quarter, underscoring the strain facing the company following a massive data breach in South Korea, its main market.

The loss was 1 cent a share on an adjusted basis, the US-listed retailer said in a statement Thursday. Analysts had estimated a profit of 3.4 cents a share. Net revenue rose 11% to $8.8 billion, short of the $9.1 billion projection.