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  • Today

      Show headlines and story abstract
    • 50 minutes ago by Dow Jones
      Companies Mentioned: CPNG

      By Sabela Ojea

      Coupang posted a drop in profit in the third quarter and said online luxury ecommerce company Farfetch is expected to spend less money than it makes earlier than planned.
    • 1 hour ago by MT Newswires
      Companies Mentioned: CPNG
      04:12 PM EST, 11/05/2024 (MT Newswires) -- Coupang (CPNG) reported Q3 adjusted earnings late Tuesday of $0.06 per diluted share, up from $0.05 a year earlier. Analysts polled by Capital IQ expected $0.01. Net revenue for the quarter ended Sept. 30 w...
    • 1 hour ago by MT Newswires
      Companies Mentioned: CPNG
      04:06 PM EST, 11/05/2024 (MT Newswires) -- ...
    • 1 hour ago by MT Newswires
      Companies Mentioned: CPNG
      04:05 PM EST, 11/05/2024 (MT Newswires) -- ...
    • 1 hour ago by Dow Jones
      Companies Mentioned: CPNG
      (a) Adjusted diluted earnings per share includes the effect of dilutive shares as a result of adjusted net income attributable to Coupang stockholders. Diluted weighted average shares used for the three months ended September 30, 2024 calculation was 1,829 (in millions). Total Net Revenues excluding Farfetch Three Months Ended September 30, ---------------------------------------- (in millions) 2024 2023 ------------------------------- ---------------------- ---------------- Total net revenues $ 7,866 $ 6,184 Revenues of Farfetch (439) -- -------------------------------- --- ------------- ------------ Total net revenues excluding Farfetch $ 7,427 $ 6,184 -------------------------------- --- ------------- ------------ Total Net Revenues excluding Farfetch Constant Currency Revenue and Constant Currency Revenue Growth (YoY) Three Months Ended September 30, ---------------------------------------------- 2024 2023 Year over Year Growth ---------------------------------- ---------- --------------------------- Exchange Constant Constant As Rate Currency As Currency (in millions) Reported Effect Basis Reported As Reported Basis -------------- ---------- --------- ----------- ---------- ------------ ------------- Consolidated Total net revenues $7,866 $ 277 $8,143 $ 6,184 27% 32% Revenues of Farfetch (439) -- (439) -- --------------- ----- -------- ----- --------- ------------ ------------- Total net revenues excluding Farfetch $7,427 $ 277 $7,704 $ 6,184 20% 25% --------------- ----- -------- ----- --- --------- ------- -------- Gross Profit excluding Farfetch Three Months Ended September 30, ------------------------------------------ (in millions) 2024 2023 ----------------------------- -------------------- -------------------- Gross Profit $ 2,269 $ 1,566 Gross Profit of Farfetch (183) -- ------------------------------ ---------- --- ---------- ---- Gross Profit excluding Farfetch $ 2,086 $ 1,566 ------------------------------ ---------- ---- ---------- ---- Gross profit margin excluding Farfetch 28.1% 25.3% ------------------------------ ---------- --- ---------- --- Adjusted EBITDA excluding Farfetch Three Months Ended Trailing Twelve Months September 30, Ended September 30, ----------------------- ------------------------ (in millions) 2024 2023 2024 2023 -------------- ---------- ----------- ------------ ---------- Adjusted EBITDA $343 $239 $1,247 $991 Adjusted EBITDA of Farfetch 2 -- 64 -- --------------- --- ---- --- ----- ----- ---- --- ---- Adjusted EBITDA excluding Farfetch $345 $239 $1,311 $991 --------------- --- ---- --- ----- ----- ---- --- ---- Adjusted EBITDA margin excluding Farfetch 4.6% 3.9% 4.7% 4.3% --------------- --- --- --- ---- ----- --- --- --- Developing Offerings Net Revenues excluding Farfetch Three Months Ended September 30, ---------------------------------------- (in millions) 2024 2023 ------------------------------- ------------------------ -------------- Developing Offerings net revenues $ 975 $ 218 Revenues of Farfetch (439) -- -------------------------------- ---- ------------- --- --------- Developing Offerings net revenues excluding Farfetch $ 536 $ 218 -------------------------------- ---- ------------- --- --- --------- Developing Offerings Net Revenues excluding Farfetch Constant Currency Revenue and Constant Currency Revenue Growth (YoY) Three Months Ended September 30, ---------------------------------------------- --- 2024 2023 Year over Year Growth ----------------------------------- --------- --------------------------- Exchange Constant Constant Rate Currency As Currency (in millions) As Reported Effect Basis Reported As Reported Basis -------------- ------------ --------- ---------- --------- ----------- -------------- Net Revenues by Segment Developing Offerings net revenues $ 975 $ 20 $ 995 $ 218 347% 356% Revenues of Farfetch (439) -- (439) -- --------------- ---- -------- ---- -------- ----------- -------------- Developing Offerings net revenues excluding Farfetch $ 536 $ 20 $ 556 $ 218 146% 155% --------------- ---- -------- ---- --- -------- --- ----- --- --------

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