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) will release its first quarter 2023 financial results on May 9, 2023, after U.S. market close. A live webcast will follow at 5:30 PM Eastern Time the same day. Interested parties can access the earnings release and webcast on Coupang's Investor Relations website. Coupang is recognized as one of the largest e-commerce retailers in Asia, focusing on enhancing everyday customer experiences through services such as same-day and next-morning delivery, food delivery via Coupang Eats, and video streaming through Coupang Play. The company operates in multiple markets, including South Korea, Taiwan, Singapore, and China.
Coupang has appointed Ambereen Toubassy, the Chief Financial Officer of Airtable, to its Board of Directors. Bom Kim, the company's Founder and CEO, expressed enthusiasm for her extensive financial leadership experience, particularly in enhancing customer experience. Toubassy has previously held CFO positions at Quibi and worked with various investment firms. She holds a BA in Economics from Yale and an MBA from Stanford. Coupang, one of Asia's largest eCommerce platforms, aims to elevate customer experience through innovative services, including quick delivery options and simplified payments.
Coupang, Inc. (NYSE: CPNG) reported impressive fourth-quarter results for 2022, with total net revenues reaching $5.3 billion, marking a 21% increase year-over-year on an FX-neutral basis. The company achieved a record net income of $102 million, up $507 million from the previous year, and reported an adjusted EBITDA of $211 million with a 4.0% margin. Total gross profit surged 59% YoY to $1.3 billion, translating to a gross profit margin of 24.0%. For FY2022, net revenues stood at $20.6 billion, up 12% YoY. The company's WOW membership program saw a 20% increase, with 11 million paid members. Despite a net loss for the year, the results indicate significant progress and growth potential.
Coupang, Inc. (NYSE: CPNG) is set to release its fourth-quarter and full-year 2022 financial results on February 28, 2023, after U.S. market close. A live webcast will commence at 5:30 PM Eastern Time on the same day. The earnings release and accompanying materials will be accessible via the Coupang Investor Relations website. Coupang is a leading e-Commerce firm in Asia, known for its fast delivery services including same-day and next-morning options, prepared food delivery through Coupang Eats, and video streaming via Coupang Play. The company aims to enhance daily life and transform consumer expectations in the e-commerce sector.
