Coupang (CPNG) Misses Q3 EPS by 2c
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Coupang Announces Third Quarter Revenue Growth of 48% and Gross Profit Growth of 62%
November 12, 2021 6:00 AM ESTSEOUL, South Korea--(BUSINESS WIRE)-- Coupang, Inc. (NYSE: CPNG) today announced financial results for its third quarter ended September 30, 2021.
Key Financial and Operational Highlights
Total Net Revenues was $4.6 billion, up 48% year over year (YoY). Constant currency revenue growth was 44%. We grew more than twice as fast as the 20% growth rate of the Korean e-commerce segment. Active customers grew at least 20% YoY for the 15th straight quarter. In Q3, spend grew at least 25% YoY for every annual customer cohort dating back to our... More