Coupang's Revenue Climbs After Newer Businesses Lift Sales [Yahoo! Finance Canada]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg 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 stock has climbed 66% this year, aided by its first full year of profit in 2023. The company that helped popularize one-day delivery in Korea is now seeking growth by expanding into areas such as luxury goods. Coupang has also been investing in Taiwan as A
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CPNG
News
- Coupang (CPNG): Revolutionizing E-Commerce Under $25 [Yahoo! Finance]Yahoo! Finance
- South Korea's e-commerce market to grow by 10.2% in 2024, forecasts GlobalData [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc.'s (NYSE:CPNG) institutional investors lost 6.6% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- The US IPO window hasn't reopened yet, but startups take what they can [TechCrunch]TechCrunch
- Lee Ainslie's Strategic Moves in Q3 2024: A Deep Dive into Coupang Inc's Significant Reduction [Yahoo! Finance]Yahoo! Finance
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