Coupang Inc Stock Price, News & Analysis

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.

Coupang, Inc. (NYSE: CPNG) has rescheduled its third-quarter earnings announcement originally set for November 11, 2021, to November 12, 2021, prior to market opening. This decision is due to the U.S. Federal Holiday. The earnings release will be made available post 6:00 AM Eastern Time, with a webcast commencing at 7:00 AM Eastern Time. Coupang operates as one of Asia's largest e-commerce firms, providing services such as same-day grocery delivery, Coupang Eats, and Coupang Play for video streaming.

Coupang, Inc. (NYSE: CPNG) is set to release its financial results for Q3 2021 on November 11, 2021, after U.S. market close. The earnings release and a webcast will be available on the company's Investor Relations website at www.ir.aboutcoupang.com. The webcast will start at 6:00 PM ET. Coupang is one of Asia's largest e-commerce firms, offering services like same-day and next-morning delivery of groceries and merchandise, as well as food delivery through Coupang Eats and video streaming via Coupang Play.

Coupang has appointed Alex Wong as the new Head of Public Affairs, based in Washington D.C.. In this newly established role, Wong will manage public policy and U.S. government relations as Coupang expands its operations in Asia. His previous experience includes significant roles at the U.S. Department of State and advising notable senators. Coupang, which had a remarkable IPO this year, remains committed to transforming e-commerce and enhancing customer services.

Coupang has invested over $200 million in worker safety initiatives since 2020, adding 600+ safety employees. The introduction of Coupang Care, the first paid health promotion program in the logistics industry, has shown positive outcomes, with 60% of participants improving their health metrics in four weeks. The company prioritizes employee safety, especially during the recent heatwave, implementing additional cooling systems across logistics centers. Coupang maintains stringent COVID-19 measures, shutting down centers with positive cases to protect employees.

Coupang reported a remarkable 87% year-over-year sales growth for SMEs on its marketplace in Q2, contrasting with a 7% decline in total offline SME sales in Korea. This growth stems from Coupang's commitment to support small enterprises, which constitute 80% of its sellers. The company invested nearly $350 million this year to aid in their success. Moreover, Coupang accounted for 43% of all U.S. foreign direct investment into Korea in H1 2021, focusing on small businesses. The personalized support during the COVID-19 pandemic has significantly boosted sales for many partnered companies.

Coupang, Inc. (NYSE: CPNG) reported strong financial results for Q2 2021, with total net revenues increasing by 71% year-over-year to $4.48 billion, driven by a 26% rise in Active Customers to 17 million. Gross profit rose 50% to $658 million, or 86% to $816 million when excluding $158 million in inventory write-offs due to a fulfillment center fire. Despite an adjusted EBITDA loss of $122 million, its grocery offering, Rocket Fresh, saw over 100% revenue growth. Coupang also created over 5,000 jobs in Korea, aiming to be the top private job creator.

Coupang, Inc. (NYSE: CPNG) will announce its financial results for Q2 2021 on August 11, 2021, after U.S. market close. The earnings report will be available on their Investor Relations website, with a webcast starting at 5:30 PM ET. Additionally, the lock-up period for securities related to Coupang's IPO will conclude with the trading session on August 13, 2021. Coupang is a leading eCommerce platform in Asia, focusing on enhancing customer convenience through services like same-day delivery and video streaming.

Coupang announced that founder and CEO Bom Kim will speak at the 2021 FORTUNE Global Forum on June 8-9, focusing on leadership amid global challenges. Kim will discuss the company's customer-centric approach to e-commerce and its commitment to innovation and sustainability. He will be joined by other industry leaders, including Starbucks and Airbnb CEOs, to share insights on pioneering business practices post-pandemic. Coupang, founded in 2010, is a leading Asian e-commerce platform offering diverse services, including rapid delivery and streaming.