Coupang Inc Stock Price, News & Analysis

Coupang, Inc. (NYSE: CPNG) is set to release its second-quarter financial results for the period ending June 30, 2022, on August 10, 2022, after U.S. market close. The earnings release will be followed by a live webcast starting at 5:30 PM Eastern Time. Investors can access the earnings report and webcast via the Coupang Investor Relations website. As one of Asia's largest e-commerce firms, Coupang aims to enhance customer lives with services like same-day delivery, meal delivery through Coupang Eats, and video streaming on Coupang Play.

Coupang, Inc. (NYSE: CPNG) reported its first quarter financial results with total net revenues reaching $5.1 billion, a 22% year-over-year increase. Constant currency growth was 32%, driven by a notable 42% increase in gross profit to $1.04 billion. The company achieved its highest gross profit margin at 20.4%. Product Commerce segment profitability improved, with adjusted EBITDA turning positive at $2.9 million. The net loss decreased by $196 million QoQ, reaching $209 million. Active customers grew to 18.1 million, reflecting a 13% increase.

Fanatics has appointed Lydia Jett and Jonathan Mildenhall to its board of directors, bringing extensive experience from fintech, e-commerce, and marketing sectors. Jett, from SoftBank, played a crucial role in Fanatics' growth since their initial $1 billion investment in 2017. Mildenhall, former CMO of Airbnb, is noted for transforming brand strategies. Both directors will guide Fanatics in expanding its diverse portfolio, which includes licensed merchandise, digital collectibles, and online sports betting. Additionally, Fanatics released its first ESG report, highlighting its commitment to sustainability and social responsibility.

Coupang, Inc. (NYSE: CPNG) is set to announce its financial results for Q1 2022 on May 11, 2022, after U.S. market close. The earnings report will be followed by a live webcast at 5:30 PM ET, available on the Coupang Investor Relations website. As a leading e-commerce company in Asia, Coupang offers various services, including rapid grocery delivery, prepared food service through Coupang Eats, and video streaming via Coupang Play. This upcoming announcement will provide insights into Coupang's performance and strategic direction.

Coupang has appointed Jason Child, the Chief Financial Officer and Senior Vice President of Splunk, to its board of directors and member of the audit committee. This addition is expected to enhance Coupang's executive team with Child's extensive experience in financial and corporate leadership, including positions at Amazon and other rapidly-scaling companies. Child expressed enthusiasm about contributing to Coupang's growth and customer-focused mission, which has established a loyal customer base and impressive growth trajectory.

Coupang has appointed Pedro Franceschi, Co-Founder and Co-CEO of Brex, to its board of directors. This move is aimed at enhancing Coupang's customer-centric approach and technological innovations. Franceschi brings a wealth of experience, having co-founded financial services that cater to rapidly growing businesses. He expressed enthusiasm for joining Coupang, emphasizing the company's potential to reshape commerce and improve experiences for small businesses. Founded in 2010, Coupang is a leading eCommerce entity in Asia, known for its diverse services including rapid delivery and payment solutions.

Coupang, Inc. (NYSE: CPNG) reported Q4 2021 revenues of $5.1 billion, a 34% year-over-year increase. Active customers grew by 21%, with a total of 17.9 million. Gross profit rose 24% to $806 million. Despite these gains, the company faced a net loss of $405 million, significantly higher than the previous year's $83 million loss. The CFO indicated improvements in gross margin and ongoing strong revenue momentum into Q1 2022. Coupang will also implement a new financial reporting structure, focusing on Product Commerce and Growth Initiatives.

Coupang, Inc. (NYSE: CPNG) will announce its financial results for Q4 2021 on March 2, 2022, after U.S. market close. A live webcast will begin at 5:30 PM ET. The earnings release will be accessible on the Coupang Investor Relations website.

Coupang is one of Asia's largest e-commerce firms, offering services such as same-day delivery, Coupang Eats, and video streaming via Coupang Play, with offices in major cities including Seoul and Los Angeles.

Coupang, Inc. (NYSE: CPNG) reported third quarter 2021 results with total net revenues of $4.6 billion, a 48% year-over-year increase. Active customers grew 20% YoY, marking the 15th consecutive quarter of growth. The company expanded its gross margin by 130 basis points to 16.2% and increased gross profit by 62% YoY to $755 million. Notably, advertising revenue nearly tripled YoY. Coupang plans significant investments, including over KRW 1.5 trillion for new fulfillment centers, creating 13,000 jobs.