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-0.0180360721442887 -0.0312625250501002 -0.00601202404809628 -0.0108216432865733 0.0128256513026051 0.0120240480961923 0.0260521042084168 0.0220440881763526
Stock impact report

Coupang Announces Results for Fourth Quarter 2024

Coupang, Inc. Class A (CPNG) 
Company Research Source: Business Wire
Net Revenues of $8.0 billion, up 21% YoY and 28% on an FX-neutral basisGross Profit of $2.5 billion, up 48% YoYOperating Cash Flow of $1.9 billion and Free Cash Flow of $1.0 billion for the full year SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG) today announced financial results for its fourth quarter ended December 31, 2024.Q4 2024 Consolidated Highlights:Net revenues were $8.0 billion, up 21% YoY on a reported basis and 28% YoY on an FX-neutral basis. Excluding Farfetch, the growth was 14% YoY on a reported basis and 21% YoY on an FX-neutral basis.Gross profit increased 48% YoY to $2.5 billion. Gross profit margin was 31.3%, an improvement of 570 bps YoY. Excluding Farfetch and the fulfillment center (FC) fire insurance gain recorded in Q4, gross profit was $2.2 billion, growing 29% YoY with a gross profit margin 29.0%, an improvement of over 330 bps over last year.Net income was $131 million and net income attributable to Coupang stockholders was $156 million, a decrease Show less Read more
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