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Coupang, Inc. (symbol: CPNG) is the world’s fastest growing e-commerce company and is often referred to as South Korea’s answer to Amazon. Founded in 2010, Coupang has rapidly expanded, boasting over 20 million subscribers and an annual revenue run rate exceeding $2 billion. As the No. 1 player in mobile e-commerce in Korea, Coupang operates in a market with an enormous $50 billion opportunity.
The company offers a wide range of products, including apparel, electronics, footwear, food products, furniture, nutritional supplements, and more. Its business is divided into two main segments: Product Commerce and Developing Offerings. The Product Commerce segment, which generates the majority of the revenue, includes core retail (owned inventory) and marketplace offerings (third-party merchants) along with Rocket Fresh, Coupang's fresh grocery delivery service. The company also offers advertising products associated with these offerings.
In recent years, Coupang has attracted significant investment. In December 2014, it raised $300 million in an investment round led by BlackRock Private Equity Partners. This followed a $100 million investment five months earlier, led by Sequoia Capital Global Equities and Sequoia Heritage Venture Funds, which valued the company at over $1 billion.
Coupang is known for its innovative delivery infrastructure, including the Rocket Delivery service that offers same-day or next-day delivery to customers in South Korea. This service has set a new standard in the e-commerce industry, contributing to Coupang's dominant market position.
Beyond its core business operations, Coupang is continuously working on various projects to enhance customer experience and expand its market reach. The company's commitment to technological advancements and customer satisfaction has positioned it as a significant player in the global e-commerce landscape.
Coupang has been recognized as one of the Top 100 Global Innovators for 2025 by LexisNexis, placing among the top 12 information technology companies globally. The U.S. technology and Fortune 200 company has shown remarkable growth in its patent portfolio, expanding from approximately 160 patents in 2019 to over 2,100 global patent registrations today.
The company now serves customers in more than 190 countries and territories, offering diverse services including retail, restaurant delivery, video streaming, and fintech under various brands. Coupang's innovation is driven by its global engineering teams, with a particular focus on AI-related patents that enhance order prediction, delivery optimization, and search functionality.
According to LexisNexis, Coupang's patent portfolio quality is nearly four times stronger than the industry average. The Top 100 ranking was determined by analyzing nearly 16 million global patent families, with Coupang's frequent patent citations contributing to its high ranking.
Coupang (NYSE: CPNG) has announced it will release its fourth quarter 2024 financial results on Tuesday, February 25, 2025, after U.S. market close. The company will host a live webcast at 5:30 PM Eastern Time on the same day. Investors can access the earnings release, presentation, and webcast through the Coupang Investor Relations website. A replay of the call and transcript will be made available on the same platform following the event.
Coupang announced that CEO Bom Kim has adopted a pre-arranged stock trading plan to sell up to 15 million shares of Class A Common Stock starting November 11, 2024. The plan, established under SEC Rule 10b5-1, will terminate upon completion of sales or by August 29, 2025. Kim will also donate up to 2 million shares to a charitable fund. These transactions represent less than 10% of Kim's current 174.8 million Class B shares. After completion, Kim will retain 157.8 million Class B shares and doesn't plan further transactions through 2025.
Coupang reported strong Q3 2024 results with net revenues of $7.9 billion, up 27% YoY and 32% on an FX-neutral basis. Gross profit increased 45% YoY to $2.3 billion, with margin improving 350 bps to 28.8%. Net income was $64 million, with diluted EPS at 4 cents. Excluding Farfetch, net income was $108 million with 6 cents EPS. Product Commerce segment saw 16% YoY growth with 22.5 million active customers, while Developing Offerings segment grew 347% YoY. Operating cash flow was $1.8 billion for trailing twelve months.
Coupang (NYSE: CPNG) has announced that it will release its third quarter 2024 financial results on Tuesday, November 5, 2024, after the U.S. market closes. The company will also host a live webcast at 5:30 PM Eastern Time on the same day to discuss the results. Investors and interested parties can access the earnings release, presentation, and webcast through the Coupang Investor Relations website at https://ir.aboutcoupang.com. Following the call, a replay and related transcript will be made available on the same website for those unable to attend the live event.
Coupang (NYSE: CPNG) reported its Q2 2024 results, showing notable growth in several key metrics. Net revenues rose 25% YoY to $7.3 billion, with a gross profit increase of 41% YoY to $2.1 billion. Product Commerce segment adjusted EBITDA reached $530 million with an 8.2% margin.
The company saw a net loss of $105 million, primarily due to Farfetch losses and an administrative fine. Excluding these, net income attributable to stockholders was about $124 million. Diluted EPS was negative $0.04, but excluding Farfetch and the fine, it was $0.07. Operating cash flow over the trailing twelve months was $2.2 billion, and free cash flow was $1.5 billion.
The Developing Offerings segment saw revenues of $892 million, up 472% YoY. However, adjusted EBITDA for this segment was negative $200 million, impacted by Farfetch.
Coupang (NYSE: CPNG) has announced that it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, after the U.S. market closes. The company will also host a live webcast at 5:30 PM Eastern Time on the same day to discuss the results. Investors and interested parties can access the earnings release, presentation, and webcast through the Coupang Investor Relations website at https://ir.aboutcoupang.com. Following the call, a replay and related transcript will be made available on the same website for those unable to attend the live event.
Coupang has appointed Asha Sharma, Corporate Vice President and Head of Product, AI Platform at Microsoft, to its Board of Directors. Sharma's previous roles include Chief Operating Officer at Instacart and VP of Product at Meta. At Instacart, she led the company through its IPO and into profitability. At Meta, she helped scale Facebook Messenger to billions of users. Sharma holds a Bachelor of Science in Business from the University of Minnesota. Coupang's CEO Bom Kim expressed excitement about Sharma's appointment, highlighting her expertise in product and AI. Sharma also expressed her enthusiasm for joining Coupang, emphasizing its focus on customer experience and innovation.
Coupang, Inc. (NYSE: CPNG) reported strong financial results for the first quarter of 2024, with net revenues reaching $7.1 billion, up 23% YoY and 28% on an FX-neutral basis. Gross profit increased 36% YoY to $1.9 billion. Operating cash flow was $2.4 billion, and free cash flow was $1.5 billion for the trailing twelve months. Product Commerce segment net revenues grew 15% YoY to $6.5 billion. Developing Offerings segment net revenues surged 337% YoY to $620 million. Adjusted EBITDA for the quarter was $281 million, with a margin of 3.9%, and adjusted EBITDA for the trailing twelve months was $1.1 billion with a margin of 4.3%
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