Welcome to our dedicated page for Coupang news (Ticker: CPNG), a resource for investors and traders seeking the latest updates and insights on Coupang stock.
Coupang Inc. (NYSE: CPNG), South Korea's e-commerce leader, leverages its advanced logistics network to deliver rapid customer service and innovative solutions. This news hub provides investors and market observers with essential updates on corporate developments, financial performance, and strategic initiatives shaping Asia's retail landscape.
Access real-time press releases and analysis covering earnings reports, partnership announcements, operational expansions, and service innovations like Rocket Fresh grocery delivery. Our curated collection ensures transparent tracking of Coupang's market position relative to competitors including Naver and Amazon.
Bookmark this page for continuous access to verified updates on CPNG's business milestones, regulatory filings, and technology advancements. Stay informed about critical developments affecting one of Asia's most dynamic e-commerce platforms through our comprehensive news repository.
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%
FAQ
What is the current stock price of Coupang (CPNG)?
What is the market cap of Coupang (CPNG)?
