COUPANG Reports Record Third Quarter FY2023 Earnings Results for September 30 2023

🌥️Earnings Overview

COUPANG ($NYSE:CPNG) announced its financial results for the third quarter of FY2023, as of September 30 2023, on November 7 2023. Total revenue increased 21.2% year-over-year to reach USD 6183.6 million, while net income rose 0.7% year-over-year to USD 91.3 million.

Share Price

On Tuesday, COUPANG reported record earnings for the third quarter of FY2023, which ended on September 30 2023. The results were well-received by investors, with the company’s stock opening at $16.6 and closing at $17.1, up by 2.2% from its previous closing price of 16.7. COUPANG’s strong performance in Q3 was further boosted by its improved logistics capabilities, which enabled the company to meet the increasing demand from customers.

Overall, COUPANG’s record Q3 earnings results for September 30 2023 demonstrate the company’s continued success in providing convenient and quality e-commerce services to customers. With its strong financial performance and improved logistics capabilities, COUPANG is well-positioned to further expand its presence in the Korean market and beyond. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Coupang. COUPANG_Reports_Record_Third_Quarter_FY2023_Earnings_Results_for_September_30_2023″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Coupang. COUPANG_Reports_Record_Third_Quarter_FY2023_Earnings_Results_for_September_30_2023″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Coupang. COUPANG_Reports_Record_Third_Quarter_FY2023_Earnings_Results_for_September_30_2023″>More…

Key Ratios Snapshot

Some of the financial key ratios for Coupang are shown below. COUPANG_Reports_Record_Third_Quarter_FY2023_Earnings_Results_for_September_30_2023″>More…

Analysis

GoodWhale conducted an in-depth analysis of COUPANG‘s wellbeing. According to the Star Chart, COUPANG has an intermediate health score of 5/10, which suggests that the company is in a fairly good position in terms of its cashflows and debt, and is likely to be able to pay off debt and fund future operations. After further investigation, we classified COUPANG as a ‘gorilla’ company, indicating that it has achieved a strong and steady revenue or earnings growth due to its strong competitive advantage. Given the overall health score and the specific type of company, we believe that COUPANG may be of interest to a variety of investors. Specifically, investors who are looking for growth may find COUPANG attractive given its strong growth metrics. On the other hand, investors who are focused on asset security and profitability may find the company’s medium scores in those areas less attractive. Lastly, investors who are looking for high dividend payouts may not find COUPANG attractive due to its weak dividend metrics. More…

Peers

Coupang Inc is an e-commerce company headquartered in Seoul, South Korea. The company was founded in 2010 by Kim Beom-su and operates in South Korea, China, and the United States. Coupang is one of the largest e-commerce companies in South Korea, with a market share of 76.5% as of 2019. The company has been compared to Amazon.com, MercadoLibre, and Alibaba Group.

– Amazon.com Inc ($NASDAQ:AMZN)

Amazon.com Inc is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has a market cap of 1.19T as of 2022 and a Return on Equity of 6.04%. Amazon was founded by Jeff Bezos in 1994, and it has since grown to become one of the largest online retailers in the world. The company also manufactures and sells electronic consumer goods under its own brand, as well as under other brands. Amazon has also developed a number of other businesses, including Amazon Web Services, Amazon Prime, and Amazon Studios.

– MercadoLibre Inc ($NASDAQ:MELI)

MercadoLibre Inc is an online commerce company that operates in 18 countries in Latin America. It offers online marketplaces for buyers and sellers, and also provides e-commerce and payment services. MercadoLibre has over 300 million registered users and handles over 8 million transactions per day.

MercadoLibre has a market capitalization of $41.05 billion as of 2022 and a return on equity of 25.21%. The company has seen strong growth in recent years, driven by the growing popularity of online shopping in Latin America. MercadoLibre is well-positioned to continue this growth, given its large user base, leading market position, and strong financial performance.

– Alibaba Group Holding Ltd ($SEHK:09988)

Alibaba Group Holding Ltd is a public company that operates in the e-commerce industry, with a market capitalization of 1.54 trillion as of 2022. The company has a return on equity of 4.15%. Alibaba Group Holding Ltd was founded in 1999 and is headquartered in Hangzhou, China. The company operates a platform that enables businesses and consumers to connect and transact. Alibaba Group Holding Ltd also provides data-driven insights and technology to businesses and developers.

Summary

Coupang, a major e-commerce company, reported impressive earnings for the third quarter ending September 30, 2023. Total revenue increased 21.2% year-over-year to $6183.6 million, while net income rose 0.7% to $91.3 million. Analysts are optimistic about the company’s future prospects and believe that its strong financials and expanding user base are key drivers of long-term growth.

Investors may be encouraged by Coupang’s market leadership in South Korea and its potential to tap into other markets around the globe. The company has also made significant investments in logistics infrastructure and technology to improve customer experience, which could lead to increased profitability.