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-0.00358280254777069 0.0111464968152867 0.00597133757961778 0.00199044585987264 0.0019864649681529 0.00119028662420388 -0.0246815286624204 -0.0147770700636942
Stock impact report

Coupang's Revenue Climbs After Newer Businesses Lift Sales [Yahoo! Finance]

Coupang, Inc. Class A (CPNG) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Paris Restricts Through Traffic in City Center Istanbul Tries Free Public Transit to Help Job Seekers In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround The Seattle-based online retailer's net revenue grew 27% to $7.9 billion in the September quarter, compared with analysts' average estimate of $7.8 billion. Coupang's sales got a lift from its developing offerings segment, which includes newer businesses such as Farfetch Holdings Plc, food deliveries and streaming services. Revenue also rose in its core e-commerce business. Net income fell 23% to $70 million. The decline reflected losses at Farfetch, the online luxury company Coupang acquired in January, it said in a statement Tuesday. Excluding Farfetch, Coupang's third-quarter net income came to $108 million. Shares of Coupang fell 7% in extended trading after the results were announced. Coupang's st Show less Read more
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