I subscribe to the notion that investors are best off giving new initial public offerings (IPOs) at least a year to trade on the public markets before investing in them.Many IPOs are overhyped, overvalued, and generally in a state of flux as they transition from a private company to a publicly traded stock. Thanks to a confluence of these factors, the majority of new IPOs struggle right out of the gate.A perfect example of this phenomenon is leading South Korean e-commerce juggernaut, Coupang (CPNG -0.26%). ...

Louis Stevens is a former U.S. Army engineer officer who holds an MBA and a BA in political science. Since beginning his journey publishing investment research, Louis has become one of the leading analysts in the investing community, ranking in the top .1% according to TipRanks: https://www.tipranks.com/experts/bloggers/louis-stevens. Louis created L.A. Stevens Research in which he runs the LAS Index, a basket of stocks chosen via his proprietary method for investing, which has consistently outperformed the ...

Interested in different businesses around the world, particularly if incumbents can innovate quicker than if distributors can gain scale. Looking forward to sharing my views and hearing different opinions.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CPNG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relations ...

Experience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, comprehend and benefit from new ideas, technology, innovation and business models. In addition, living through multiple crises, tequila, Asia, dotcom, 9/11, the great recession and the Covid19 pandemia, plu ...

Coupang (NYSE: CPNG ) reported robust earnings for the first quarter thanks to growing e-Commerce volumes and customer growth on its platform. The South Korean e-Commerce business benefited from double-digit top-line growth as well as an improving EBITDA trajectory (includingAnalyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN, CPNG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving comp ...

Coupang, Inc. (CPNG) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced earnings of $0.04, delivering a surprise of 500%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Coupang, which belongs to the Za ...

Financial Data and Key Metrics Changes - The company reported consolidated revenue growth of 11% year over year, or 21% on a constant currency basis [6][17] - Gross profit margin increased by 217 basis points to 29.3%, while adjusted EBITDA margins improved nearly 90 basis points to 4.8% [6][20] - Adjusted EBITDA for the trailing twelve months reached $1.5 billion, with free cash flow exceeding $1 billion [6] Business Line Data and Key Metrics Changes - The Product Commerce segment saw revenue growth of 6% year over year, or 16% in constant currency, with active customers growing by 9% [19] - The Developing Offerings segment experienced a significant revenue increase of 67% year over year, or 78% in constant currency, driven by strong customer engagement in Eats and Taiwan [19][20] - Gross profit for Product Commerce was $2.2 billion, with a gross profit margin of 31.3%, reflecting a margin improvement of over 300 basis points year over year [20] Market Data and Key Metrics Changes - In Taiwan, selection expanded by nearly 500% this quarter, leading to increased customer engagement and spending [11][42] - The company continues to see strong momentum in its Eats segment, sustaining growth and margin improvements throughout 2024 [14][38] Company Strategy and Development Direction - The company is focused on expanding selection, lowering prices, and enhancing delivery experiences to drive sustained growth [7][10] - Significant investments are being made in technology, innovation, automation, and robotics to improve operations and customer experience [9][10] - The company is optimistic about its investments in Taiwan, expecting them to follow a similar trajectory as past investments in Korea [12][43] Management Comments on Operating Environment and Future Outlook - Management noted that there has not been a meaningful impact from recent global events on the business, and they continue to monitor the macroeconomic environment closely [16][29] - The company maintains a growth outlook of approximately 20% for the full year on a constant currency basis, despite potential macroeconomic challenges [29][36] Other Important Information - The board approved a $1 billion share repurchase program as part of the company's capital allocation strategy, allowing for opportunistic buybacks [25][30] - The effective income tax rate was reported at 47%, influenced by losses in early-stage operations in Taiwan [24][25] Q&A Session Summary Question: Impact of macro and tariffs on business - Management indicated limited impact from macroeconomic factors and tariffs, with no significant changes in consumer behavior observed [28][29] Question: Details on the stock repurchase plan - The share repurchase program is designed to act opportunistically based on market conditions, with no fixed term established [30][31] Question: Revenue growth guidance comfort level - Management expressed confidence in achieving the 20% revenue growth target despite the current macro and competitive environment [33][36] Question: Developing offerings loss and margin trends - The company acknowledged increased losses in developing offerings but highlighted strong growth in Eats and Taiwan, expecting continued improvement [34][38] Question: Timeline for the share repurchase program - There is no fixed timeline for the $1 billion repurchase program, and the pace will be opportunistic [40][41] Question: User engagement in Taiwan post-selection increase - Management reported strong growth in Taiwan, with increased engagement and spending following the expansion of selection and the launch of the Wow membership program [42][43] Question: FLC growth and marketplace performance - FLC is growing at a high multiple of the overall business, with marketplace growth outpacing 1P [48][50] Question: Technology investment cycle status - The company is in the midst of a technology investment cycle, with expectations for OG&A expenses to decline as a percentage of revenue in the near to medium term [55][56]

Coupang (CPNG) Q1 2025 Earnings Call May 06, 2025 05:30 PM ET Company Participants Michael Parker - Vice President, Head of Investor RelationsBom Kim - Founder, CEO & ChairmanGaurav Anand - CFO Conference Call Participants Eric Cha - AnalystStanley Yang - AnalystSeyon Park - Equity Research AnalystJiong Shao - Analyst Operator Hello everyone. My name is Krista and I'll be your conference operator today. At this time, I would like to welcome everyone to the Kupong twenty twenty five First Quarter Earnings Co ...

coupang Q1 2025 Financial Results May 6, 2025 Disclaimer Forward-Looking Statements This presentation may contain statements that may be deemed to be "forward-kooking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (together, the "Act") that are intended to enjoy the protection of the safe harbor for for ward looking statements provided by the Act ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 001-40115 COUPANG, INC. (Exact name of Registrant as specified in its charter) Delaware 27-2810505 (State or other jurisdi ...