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Sep 30, 2024
Coupang Q3 2024 Earnings Report
Coupang's Q3 2024 earnings were announced, showcasing substantial revenue growth and margin expansion.
Key Takeaways
Coupang reported a strong Q3 2024 with net revenues of $7.9 billion, a 27% year-over-year increase, and a gross profit increase of 45% to $2.3 billion. Excluding Farfetch, revenue grew by 20%. The company achieved a net income of $64 million and an adjusted EBITDA of $343 million.
Net revenues increased by 27% year-over-year to $7.9 billion, or 32% on an FX-neutral basis.
Gross profit grew by 45% year-over-year to $2.3 billion, with a gross profit margin of 28.8%.
Product Commerce Active Customers reached 22.5 million, an 11% year-over-year increase.
Developing Offerings segment revenue increased by 347% year-over-year, driven by the inclusion of Farfetch.
Revenue by Segment
Forward Guidance
Coupang did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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