Farfetch Losses Weigh on Coupang in Q1 [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
More from WWD Now You Too Can Sling Valentino's Latest Bag, Thanks to Virtual Try-on Brooches, Gemstones and Statement Pieces Are Leading Men's Jewelry Tiger Woods Launches 'Athluxury' Brand With Golf and Training Apparel But Farfetch is also still growing closer to becoming the self-sustaining business that it was long promised to be. For the first quarter ended March 31, Coupang said Farfetch added $288 million in revenues to its business, but generated net losses of $93 million. Adjusted losses before interest, taxes, depreciation and amortization tallied $31 million. Overall Coupang's revenues rose 23 percent in the quarter to $7.1 billion, although net income fell to $5 million from $86 million a year earlier as a result of the Farfetch deal. Bom Kim, chief executive officer of Coupang, told analysts on a conference call on Tuesday, “Our journey at Farfetch is just beginning and the team is focused on generating close to positive adjusted EBITDA on a run rate basis
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News
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- Coupang, Inc. (NYSE: CPNG) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $26.00 price target on the stock.MarketBeat
- Coupang rallies after UBS says sales, market share, and margins will continue to go higher [Seeking Alpha]Seeking Alpha
- Alibaba's AliExpress, PDD's Temu ink deal with South Korea on product safety - report [Seeking Alpha]Seeking Alpha
CPNG
Earnings
- 5/7/24 - Miss
CPNG
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- CPNG's page on the SEC website