Coupang reports Q3 revenue up 27% YoY to $7.9B, net retail sales of $6.14B, vs. $6.24B est., and operating income below projections; CPNG drops 8% after hours (Yoolim Lee/Bloomberg)

Posted on November 5, 2024
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Yoolim Lee / Bloomberg:
Coupang reports Q3 revenue up 27% YoY to $7.9B, net retail sales of $6.14B, vs. $6.24B est., and operating income below projections; CPNG drops 8% after hours — – The company faces challenges from Alibaba and Temu in Korea — Coupang’s online luxury firm Farfetch was near breakeven

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