Financial Data and Key Metrics Changes - Total net revenues reached $6.6 billion, growing 23% year-over-year or 20% in constant currency [28] - Adjusted EBITDA for Q4 was $294 million, with a full-year adjusted EBITDA of $1.1 billion, reflecting a Q4 adjusted EBITDA margin of 4.5%, a 50 basis point improvement year-over-year [32][41] - Free cash flow for 2023 totaled $1.8 billion, with a cash balance exceeding $5.5 billion [14][42] Business Line Data and Key Metrics Changes - Product commerce segment revenues grew 21% on a reported basis and 18% in constant currency, driven by deeper spend penetration and higher customer spend levels [37] - Developing offerings segment revenue grew 105% year-over-year on a reported basis and 102% in constant currency, indicating strong potential in this area [30] - Adjusted EBITDA for product commerce improved nearly 70% year-over-year, reaching $444 million with a margin of 7.1% [32] Market Data and Key Metrics Changes - Active customers grew by 16% year-over-year in Q4, with a total of 21 million active customers [35] - The company holds a small share of the projected $560 billion retail market in Korea, indicating significant growth potential [37][57] Company Strategy and Development Direction - The company remains focused on expanding its market share in Korea and Taiwan, emphasizing customer experience and operational excellence [27][57] - Investments in logistics and technology, including AI, are expected to drive margin expansion and operational efficiencies [50][38] - The acquisition of Farfetch is seen as a strategic opportunity to enhance customer experience in the luxury segment, although the company emphasizes organic growth as its primary strategy [56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, expecting consistent growth rates aligned with historical averages [43] - The company anticipates adjusted EBITDA losses in developing offerings of approximately $650 million in 2024, excluding losses related to Farfetch [43] - Management highlighted the importance of continuously improving customer experience to maintain competitive advantage in a dynamic retail environment [57] Other Important Information - The company reported a non-recurring adjustment of $895 million related to tax reserves, resulting in a net income of $1 billion for the quarter [40] - The company is committed to maintaining a disciplined investment approach, focusing on opportunities that demonstrate potential for significant returns [52] Q&A Session Summary Question: Product commerce strategy and margin outlook for 2024 - Management confirmed that the strategy to increase selection and merchant acquisition will continue, with expectations for margin improvements over time [49][50] Question: Developing offerings guidance and breakdown - The $650 million guidance for developing offerings does not include Farfetch, with most investments expected in Taiwan [51] Question: Farfetch acquisition attractiveness and capital allocation - Management noted the luxury market's potential and the strategic value of Farfetch, emphasizing that M&A is not the primary strategy [56] Question: Competition and user attrition - Management stated that competition remains strong, but the focus will be on improving customer experience to retain loyalty [57] Question: Taiwan market signals and investment visualization - Management highlighted strong momentum in Taiwan, with active customers and revenues doubling in the last two quarters [66]

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SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG) today announced financial results for its fourth quarter ended December 31, 2023. Q4 2023 Key Financial and Operational Highlights Net revenues were $6.6 billion, up 23% YoY on a reported basis and 20% YoY on an FX-neutral basis. The net revenues growth rate would have been an estimated 940 bps higher than the 20% growth without the accounting change in FLC revenue, which we began recording on a net basis starting in Q2 2023. Gross profit increas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-40115 COUPANG, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

Exhibit 99.1 Coupang Announces Results for Fourth Quarter 2023 SEATTLE - (BUSINESS WIRE) February 27, 2024—Coupang, Inc. (NYSE: CPNG) today announced financial results for its fourth quarter ended December 31, 2023. • Total net revenues were $24.4 billion, increasing 18% YoY on a reported basis and 20% YoY on an FX-neutral basis. • The revenue growth rate would have been an estimated 520 bps higher than the 20% growth without the accounting change in FLC revenue, which we began recording on a net basis star ...

Bloomberg/Bloomberg via Getty Images Turning the corner I don't buy many foreign stocks. The story has to be compelling to draw me in. Coupang, Inc. (NYSE:CPNG) has elements aligning that remind me of Uber's (UBER) turn to profitability The SoftBank (OTCPK:SFTBY) backed startup IPO'd in 2021 and has declined massively after the risk on narrative waned post-FED rate hikes. Dubbed "The Amazon of South Korea" run by Harvard dropout CEO Bom Kim, is dominant in their own backyard and has now risen to become the ...

E-commerce stocks were the hottest names to buy during the pandemic era. Consumers shifted their buying habits to online shopping and the business was booming. However, the post-pandemic period grounded most e-commerce stocks. Valuations adjusted downwards in sync with relatively moderate growth expectations. Even now, the e-commerce sector seems to be largely ignored.However, I believe that after a meaningful correction, e-commerce stocks are attractive today. Further, the growth outlook for the industry r ...

With the wide assortment of listed companies in the stock market, it's natural for investors to focus on the big names. These large-cap growth stocks tend to get the most attention as they're prominent and attract significant news flow.Because of this skewed coverage, it's possible to unearth other stocks that are growing their top and bottom lines nicely but have not enjoyed much attention or share price movement. Investors who turn their attention to these stocks may find it is only a matter of time befor ...

Patience can make you more money than any other factor in the market. Of course, the idea is to stay invested in the right stocks. Granted, current macroeconomic conditions are challenging with sluggish GDP growth and inflationary pressure. However, dig deep enough, and you’ll find some of the most undervalued growth stocks with big potential. Let’s discuss seven undervalued growth stocks to buy and hold for 10x returns by 2030.Li Auto (LI)Source: Robert Way / Shutterstock.comLi Auto (NASDAQ:LI) is among th ...

Stanley Druckenmiller bets on themes. Well, he does a lot of other things, but when he invests in individual stocks, he typically buys because of a multi-year secular theme. It can pay to listen to the legendary investor and former right-hand man to George Soros, too, as he has put up phenomenal stock returns over the long haul. In the 30 years of running outside money for Duquesne Capital Management, he has averaged a 30% annual return while never having a down year. Today, Druckenmiller is only managing h ...