Coupang (CPNG) Tops Q1 EPS by 5c
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Coupang Announces First Quarter Gross Profit Increase of 42% YoY and Record Revenue of $5.1B
May 11, 2022 4:05 PM EDTMOUNTAIN VIEW, Calif. & SEOUL, South Korea--(BUSINESS WIRE)-- Coupang, Inc. (NYSE: CPNG) today announced financial results for its first quarter ended March 31, 2022.
Powered by our unmatched customer experience and services, we continued to grow at multiples of the overall e-commerce segment with 32% year over year constant currency revenue growth, said Gaurav Anand, CFO of Coupang. We also recorded the highest gross profit and gross profit margin in the Companys history, which in turn helped our Product Commerce segment to achieve profitability in Q1. We expect our focus on customer-driven innovations as well as... More
