Deutsche Bank Upgrades Coupang Inc (CPNG) to Buy
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Coupang Announces First Quarter 2021 Results
May 12, 2021 4:09 PM EDTSEOUL--(BUSINESS WIRE)-- Coupang, Inc. (NYSE: CPNG) today announced financial results for its first quarter ended March 31, 2021.
Key Financial and Operational Highlights
Total net revenues increased 74% on a reported basis and 63% on a constant currency basis. Total Active Customers grew 21% year over year to 16 million and total net revenues per Active Customer was up 44% to $262 in the first quarter. Gross profit was $733 million in the first quarter, a 70% increase from last year.Coupang was founded with a mission to make... More
