Coupang Announces Results for Third Quarter 2024
Coupang, Inc. Class A (CPNG)
Company Research
Source: Business Wire
Net Revenues of $7.9 billion, up 27% YoY and 32% on an FX-neutral basisGross Profit of $2.3 billion, up 45% YoY SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG) today announced financial results for its third quarter ended September 30, 2024.Consolidated Highlights:Net revenues were $7.9 billion, up 27% YoY on a reported basis and 32% YoY on an FX-neutral basis. Excluding Farfetch, the growth was 20% YoY on a reported basis and 25% YoY on an FX-neutral basis.Gross profit increased 45% YoY to $2.3 billion. Gross profit margin was 28.8%, an improvement of 350 bps YoY. Excluding Farfetch, gross profit was $2.1 billion, growing 33% YoY, and gross profit margin was 28.1%.Net income was $64 million and net income attributable to Coupang stockholders was $70 million, a decrease of $21 million from last year. Excluding Farfetch, net income attributable to Coupang stockholders was approximately $108 million for the quarter.Diluted EPS was 4 cents, a decline of 1 cent over last year, pri
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CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website