The global e-commerce industry has gone through a challenging period with growth adjustments in a post-pandemic world. As the need for social distancing declined, so did the growth in online shopping. However, there is no doubt that global e-commerce adoption is in an uptrend. With post-pandemic growth already being discounted, it’s a good time to buy e-commerce stocks for 2024.Talking about numbers, the global e-commerce market is expected at $6.3 trillion for 2023. In this year, 22.1% of total retail sale ...

In this video, we'll look at Coupang (CPNG -3.83%) and Sea Limited and see which is the better buy right now. The former is down 67% since its all-time high while the latter is down 88%.*Stock prices used were from the trading day of Jan. 2, 2024. The video was published on Jan. 2, 2024. ...

Close up female arm sending message on the phone while wearing contemporary watch and ringsgettyFarfetch Holdings, the online luxury marketplace and technology platform, reached the precipice of insolvency in the third quarter. A last-minute $500 million bridge loan from the $21 billion South Korea’s Coupang gave the company a lifeline. Currently, Farfetch has a market value of $258.4 million.Since going public in 2018, Farfetch has proven to be a black hole undone by grand ambitions without the discipline ...

Sundry Photography South Korean e-Commerce company Coupang (NYSE:CPNG) has not met my return expectations in FY 2023 as the company's share price languished, despite improving operating fundamentals. The biggest drivers for a potential revaluation to the upside in FY 2024 are improvements in EBITDA margins as well as growth in free cash flow. Secondly, the e-Commerce company just announced the acquisition of online marketplace Farfetch Holdings, which could boost the company's positioning in the luxury good ...

Coupang, Inc. (NYSE:CPNG) Q3 2023 Earnings Conference Call November 7, 2023 5:30 PM ET Company Participants Mike Parker - Vice President of Investor Relations Bom Kim - Founder and Chief Executive Officer Gaurav Anand - Chief Financial Officer Conference Call Participants Eric Cha - Goldman Sachs Stanley Yang - JPMorgan Seyon Park - Morgan Stanley James Lee - Mizuho Jiong Shao - Barclays Operator Hello, my name is Krista, and I will be your conference operator today. At this time, I would like to welcome ev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 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) Delaware 27-2810505 (State or other jur ...

Coupang, Inc. (NYSE:CPNG) Q2 2023 Results Conference Call August 8, 2023 5:30 PM ET Company Participants Mike Parker - Vice President of Investor Relations Bom Kim - Founder and Chief Executive Officer Gaurav Anand - Chief Financial Officer Conference Call Participants Stanley Yang - JPMorgan Eric Cha - Goldman Sachs John Yu - Citi Seyon Park - Morgan Stanley James Lee - Mizuho Jiong Shao - Barclays Operator Hello, my name is Crissa and I will be your conference operator today. At this time, I would like to ...

Financial Performance - Total net revenues for Q2 2023 reached $11,638,419, representing a 15% increase year-over-year[144] - Product Commerce segment generated $11,339,939 in net revenues, a 16% increase compared to the previous year[144] - Developing Offerings segment reported net revenues of $298,480, reflecting a 12% decrease year-over-year[144] - Adjusted EBITDA for Q2 2023 was $300,224, compared to $66,172 in Q2 2022, showing significant improvement[146] - Net income for Q2 2023 was $145,192, a recovery from a net loss of $75,491 in Q2 2022[145] - Operating income for Q2 2023 was $147,642, compared to an operating loss of $67,143 in Q2 2022[145] - Free cash flow for Q2 2023 was $449,898 thousand, a significant improvement from a negative $195,465 thousand in Q2 2022[195] - The company reported a total net revenue of $11,638,419 thousand for the six months ended June 30, 2023, a 15% increase from $10,154,507 thousand in the same period of 2022[171] Customer Metrics - Active Customers increased, indicating growth potential for total net revenues and customer engagement[140] - Active Customers increased to 19,713 thousand as of June 30, 2023, up from 19,010 thousand as of March 31, 2023[163] - Net revenues per Active Customer decreased slightly to $296 in Q2 2023 from $305 in Q1 2023, indicating a focus on customer engagement and retention[163][164] Revenue Segments - Product Commerce revenues were $5,681,590 thousand for Q2 2023, a 16% increase from $4,877,531 thousand in Q2 2022[173] - Total net revenues for Q2 2023 from Product Commerce segment reached $407,597 thousand, up from $97,840 thousand in Q2 2022, indicating a substantial increase[208] - Net other revenue increased by 25% to $697,543 thousand in Q2 2023, compared to $556,656 thousand in Q2 2022[171] Cost and Expenses - Cost of sales increased to $4,314,101, an 11% rise compared to the same quarter last year[145] - Cost of sales as a percentage of revenue decreased from 77.1% in Q2 2022 to 73.9% in Q2 2023, driven by operational efficiencies and higher margin revenue categories[203] Cash Flow and Investments - Net cash provided by operating activities for the six months ended June 30, 2023, was $1,321,054 thousand, compared to a negative $73,201 thousand for the same period in 2022, reflecting a year-over-year increase of $1,394,255 thousand[211] - Net cash used in investing activities for the six months ended June 30, 2023, was $512,120 thousand, compared to $429,698 thousand in the same period of 2022[211] - The company has seen a $296 million decrease in repayments of debt and short-term borrowings, indicating improved cash flow management[182] - The company plans to seek additional cash resources for future investments, acquisitions, or strategic cooperation, which may include technology and logistics infrastructure[213] Tax and Interest - Cash paid for income taxes in the first half of 2023 was $39,329, compared to $1,341 in the same period of 2022[152] - The effective income tax rate for the six months ended June 30, 2023, was 20.0%, a significant increase from (0.2%) in the prior year, reflecting strong operating results[207] - Interest income increased significantly to $41,630 from $7,364 in the previous year[146] - Interest income for Q2 2023 increased by $34 million compared to the prior year, primarily due to higher interest rates and increased average cash balances[205] Strategic Focus and Challenges - The company is focused on expanding its logistics and technology network, which supports free, next-day delivery across millions of products[159] - The company is currently involved in investigations by the Korean Fair Trade Commission, which may result in fines or changes to business practices, but the financial impact remains uncertain[157] - The company emphasizes the importance of constant currency revenue growth for understanding performance, particularly given fluctuations in foreign exchange rates[194] Cash Position - The company had total cash, cash equivalents, and restricted cash of $4.7 billion as of June 30, 2023, with $3.0 billion held by foreign subsidiaries[209]

Coupang, Inc. (NYSE:CPNG) Q1 2023 Earnings Conference Call May 9, 2023 5:30 PM ET Company Participants Mike Parker - Vice President of Investor Relations Bom Kim - Founder and Chief Executive Officer Gaurav Anand - Chief Financial Officer Conference Call Participants Eric Cha - Goldman Sachs Stanley Yang - JPMorgan James Lee - Mizuho Securities Jiong Shao - Barclays John Yu - Citi Soyun Shin - Credit Suisse Operator Good afternoon. My name is Ashley, and I'll be your conference operator today. At this time, ...

Financial Performance - Total net revenues for Q1 2023 reached $5,800,530, a 13% increase from $5,116,686 in Q1 2022[85] - Gross profit for Q1 2023 was $1,419,927, representing a 36% increase from $1,043,406 in Q1 2022[85] - Net income for Q1 2023 was $90,855, compared to a net loss of $(209,294) in Q1 2022, marking a significant turnaround[85] - Net retail sales amounted to $5,204,800, reflecting a 14% growth compared to $4,556,107 in the same period last year[104] - The company reported a net income of $90.9 million for Q1 2023, a significant improvement of $300.1 million compared to a net loss of $209.3 million in Q1 2022[125] - Net cash provided by operating activities for Q1 2023 was $501.3 million, an increase of $556.2 million from a cash outflow of $54.9 million in the same period last year[125] Customer Metrics - Active Customers increased to 19,010 as of March 31, 2023, up from 18,112 a year earlier[86] - Total net revenues per Active Customer rose to $305 in Q1 2023, compared to $283 in Q1 2022, indicating improved customer engagement[86] Cash Flow and Liquidity - Free cash flow for Q1 2023 was $406,746, a recovery from a negative free cash flow of $(289,600) in Q1 2022[99] - As of March 31, 2023, the company had total cash and cash equivalents of $4.1 billion, with $2.4 billion held by foreign subsidiaries[123] - As of March 31, 2023, there were no balances outstanding on the company's revolving credit facilities, indicating strong liquidity management[147] - Coupang, Inc. had cash, cash equivalents, and restricted cash totaling $4.1 billion as of March 31, 2023[146] Operational Efficiency - Adjusted EBITDA for Q1 2023 was $240,919, compared to an adjusted EBITDA loss of $(90,872) in Q1 2022[85] - The adjusted EBITDA margin improved to 4.2% in Q1 2023, compared to a negative margin of (1.8)% in Q1 2022[120] - Cost of sales as a percentage of revenue decreased from 79.6% in Q1 2022 to 75.5% in Q1 2023, indicating improved operational efficiencies[111] - Total operating costs and expenses rose to $5,693,755, a 7% increase from $5,322,391 in Q1 2022[102] Segment Performance - The segment adjusted EBITDA for Product Commerce was $288,370, a significant increase from $2,877 in Q1 2022[85] - Developing Offerings segment reported an adjusted EBITDA loss of $(47,451), an improvement from $(93,749) in Q1 2022[85] - Product Commerce segment net revenues increased by 15% to $5,658,349, driven by growth in Active Customers and total net revenues per Active Customer[108] - Developing Offerings segment reported a decline in revenues by 21% to $142,181, attributed to a decrease in Active Customers using the Eats offering[109] Interest and Taxation - Interest income for Q1 2023 increased by $28 million compared to the prior year, primarily due to higher interest rates on deposits[114] - The effective income tax rate for Q1 2023 was 26.6%, up from (0.1)% in the prior year, reflecting stronger operating results[116] Future Commitments and Investments - The company has remaining capital expenditure commitments of $429 million as of March 31, 2023, related to new construction contracts for fulfillment centers expected to be completed over the next three years[124] - The company plans to invest several billion dollars over the next several years to expand its infrastructure and workforce-related costs[124] - The company expects future expenditures for infrastructure and workforce-related costs to exceed several billion dollars over the next several years[124] Risk Management - A hypothetical 10% adverse change in average exchange rates would have resulted in a decline in total net revenues of approximately $514 million for Q1 2023[149] - Coupang, Inc. does not currently engage in derivatives or other financial instruments to hedge foreign currency risk, but may consider it in the future[150] - The company places cash and cash equivalents with financial institutions of high credit quality to manage credit risk[151] - Interest rate risk arises primarily from undrawn revolving credit facilities and variable rate borrowings, which expose the company to variability in cash flows[146] - Management evaluates and approves credit standards to oversee the credit risk management function related to investments[151] Internal Controls - The company's disclosure controls and procedures were evaluated and deemed effective as of March 31, 2023, providing reasonable assurance for timely decision-making regarding required disclosures[153] - There were no changes in internal control over financial reporting that materially affected the company's controls during the quarter ended March 31, 2023[154]