Coupang Revenue Climbs 23%, Though Farfetch Deal Erodes Earnings [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Coupang Inc.'s quarterly revenue rose 23%, helping the company remain profitable despite an influx of rivals into one of Asia's most competitive markets. Most Read from Bloomberg Israel Says a Cease-Fire Plan Backed by Hamas Falls Short High-Tech Trading Firms Race to Grab Bond Market Turf Russians Are Coming to Terms With Putin's War in Ukraine Apple Revamps iPads With AI-Focused Pro Model, Bigger Air South Korea's largest online retailer reported revenue of $7.1 billion, topping the average projection of $6.95 billion. But net income plunged 95% after the company included losses from Farfetch Holdings Plc, the online luxury company it acquired in January. Coupang, which popularized early and one-day delivery in Korea, posted its first full year of profit in calendar 2023. It's now seeking growth from new markets as Alibaba Group Holding Ltd.'s AliExpress and PDD Holdings Inc.'s Temu make an aggressive push into the country. Chief Executive Officer Bom
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CPNG
News
- Could This Dominant Company Be the Next Amazon Stock? [Yahoo! Finance]Yahoo! Finance
- Stanley Druckenmiller slashed his Nvidia stake by 72% last quarter as the stock nearly doubled [Yahoo! Finance]Yahoo! Finance
- 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