Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Coupang (CPNG)
NYSE:CPNG
Holding CPNG?
Track your performance easily
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.01Last Year’s EPS
$0.57Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -16.10%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, increased active customer engagement, and significant progress in developing offerings and gross profit margins. However, challenges such as increased OG&A expenses, margin fluctuations, and a high effective tax rate were noted.Company Guidance
In the Coupang Q3 2024 earnings call, the company reported a 32% growth in constant currency revenues compared to last year, with a 25% increase excluding Farfetch, acquired earlier in 2024. Active Customers in Product Commerce grew by 11% year-over-year, driven by enhanced customer engagement and the expansion of offerings like Fresh and Fulfillment and Logistics by Coupang (FLC), which saw growth of over 130% in units, sellers, and volumes. The company's gross profit reached $2.3 billion, a 45% increase from the previous year, with a margin of 28.8%. The Product Commerce segment alone reported $470 million in adjusted EBITDA with a margin of 6.8%, marking a year-over-year margin expansion of 12 basis points. Developing Offerings continued strong momentum, with revenues growing nearly 350% year-over-year. Notably, Farfetch achieved near breakeven profitability, contributing to a $127 million loss reduction in the Developing Offerings segment. The adjusted EBITDA margin for Coupang was 4.4% for the quarter, excluding Farfetch, and the company generated $1.8 billion in operating cash flow over the trailing 12 months.Strong Revenue Growth
Constant currency revenues grew 32% over last year, or 25% excluding Farfetch. This marks another quarter of at least 20% constant currency growth, achieved in 14 out of 15 quarters since IPO.
Active Customer Growth
Active Customers in Product Commerce grew 11% year-over-year, driven by increasing spend from existing customers and selection expansion.
Developing Offerings Expansion
Developing Offerings segment revenues grew nearly 350% year-over-year, or over 350% in constant currency. Excluding Farfetch, growth was over 145% or 155% in constant currency.
Gross Profit and Margin Improvement
$2.3 billion in gross profit, representing 45% year-over-year growth, with a gross profit margin of 28.8%. Excluding Farfetch, gross profit grew at 33% year-over-year with a margin of 28.1%.
FLC Growth
FLC units, sellers, and overall volumes each grew over 130% year-over-year, indicating strong momentum and early-stage growth potential.
Near Breakeven in Farfetch
Achieved near breakeven profitability for Farfetch within the year, ahead of schedule.
---
CPNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CPNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $26.89 | $24.00 | -10.75% |
| Aug 06, 2024 | $20.67 | $21.21 | +2.61% |
| May 07, 2024 | $23.65 | $21.46 | -9.26% |
| Feb 27, 2024 | $16.89 | $18.24 | +7.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Coupang (CPNG) report earnings?
Coupang (CPNG) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Coupang (CPNG) earnings time?
Coupang (CPNG) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPNG EPS forecast?
CPNG EPS forecast for the fiscal quarter 2024 (Q4) is $0.01.
---