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Dec 31, 2024
Coupang Q4 2024 Earnings Report
Coupang reported strong revenue growth for Q4 2024, driven by growth in Product Commerce and Developing Offerings segments.
Key Takeaways
Coupang achieved $8.0 billion in net revenues for Q4 2024, a 21% increase year-over-year. Net income was $131 million, but net income attributable to stockholders dropped due to a non-cash tax benefit in Q4 2023. Gross profit increased significantly, with a strong performance in Product Commerce.
Net revenues increased 21% YoY to $8.0 billion.
Product Commerce gross profit rose 31% to $2.3 billion.
Developing Offerings revenue grew 296% to $1.1 billion.
Net income for the quarter was $131 million.
Revenue by Segment
Forward Guidance
Coupang expects continued revenue growth and market expansion, with a focus on profitability in 2025.
Positive Outlook
- Focus on expanding offerings across Korea and Taiwan.
- Continued momentum in developing new services.
- Increased efficiency through operational improvements.
- Focus on driving higher customer engagement.
- Continued investment in logistics infrastructure.
Challenges Ahead
- Potential macroeconomic risks impacting revenue growth.
- Possible fluctuations in foreign exchange rates.
- Challenges from high operational costs.
- Increased competition in core markets.
- Dependence on growth in emerging business lines.
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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