• Coupang average ebitda margin for 2023 was 2.76%, a 197.53% decline from 2022.
• Coupang average ebitda margin for 2022 was -2.83%, a 51.46% decline from 2021.
• Coupang average ebitda margin for 2021 was -5.83%, a 79.94% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.