Coupang Third Quarter 2024 Earnings: Beats Expectations

Coupang (NYSE:CPNG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$7.87b (up 27% from 3Q 2023).
• Net income: US$70.0m (down 23% from 3Q 2023).
• Profit margin: 0.9% (down from 1.5% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.039 (down from US$0.051 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coupang Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are down 8.5% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Coupang.

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