NYSE$CPNG
Coupang Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Coupang's Q3 2023 financial results were announced, demonstrating significant year-over-year growth in revenue and active customers.
Coupang's Q3 2023 results showed strong growth with net revenues up 21% YoY to $6.2 billion and active customers increasing by 14% to surpass 20.4 million. The company's gross profit rose by 27% YoY to $1.6 billion, and net income was $91 million. Developing Offerings segment also experienced substantial revenue growth of over 40%.
- Net revenues increased by 21% year-over-year to $6.2 billion.
- Gross profit grew by 27% year-over-year to $1.6 billion.
- Active customers surpassed 20.4 million, representing a 14% year-over-year increase.
- Developing Offerings segment revenue grew over 40% year-over-year.
Headline financials
Revenue & EPS history
Coupang · Revenue · Quarterly
$6.18B
Revenue by segment
Coupang · $6.18B total across 2 segments · Q3 2023
- Product Commerce$5.97B+20.6%96.5%
- Developing Offerings$218M+41.1%3.5%
Forward guidance
Coupang expects its consolidated margin to continue its march upwards on an annual basis.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-0.5%
Avg return
Earnings day
-2.1%
Avg return
5 days after
-4.0%
Avg return
30 days after
48%
12 / 25 earnings
Positive
+14.0%
Q3 2022
Best reaction
-17.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -16.2% | -18.4% | |
| Q4 2025 | +2.1% | +2.1% | -3.3% | |
| Q3 2025 | -5.9% | -10.0% | -15.6% | |
| Q1 2025 | +10.8% | +8.9% | +18.5% | |
| Q4 2024 | +3.5% | -1.5% | -7.5% | |
| Q3 2024 | -6.6% | -6.0% | -6.5% | |
| Q2 2024 | +4.2% | +11.0% | +14.6% | |
| Q1 2024 | -8.1% | -3.6% | -6.2% | |
| Q4 2023 | +11.3% | +15.6% | +8.5% | |
| Q3 2023 | -7.9% | -8.3% | -8.0% | |
| Q2 2023 | +7.2% | +7.3% | +2.9% | |
| Q1 2023 | -6.6% | -9.7% | -9.9% | |
| Q4 2022 | -3.6% | -4.2% | +3.2% | |
| Q3 2022 | +14.0% | +3.3% | +3.5% | |
| Q2 2022 | -1.5% | -4.6% | -4.5% | |
| Q1 2022 | +8.3% | +19.4% | +8.7% | |
| Q4 2019 | -17.0% | -19.2% | -27.7% | |
| Q4 2021 | +0.0% | -22.5% | -27.8% | |
| Q3 2020 | -3.6% | -2.9% | -8.3% | |
| Q3 2021 | -3.6% | -2.9% | -8.3% | |
| Q2 2020 | -0.7% | -7.6% | -13.2% | |
| Q2 2021 | -7.0% | -9.5% | -18.3% | |
| Q1 2020 | +3.1% | +5.4% | +9.3% | |
| Q4 2020 | +3.1% | +5.4% | +9.3% | |
| Q1 2021 | -11.6% | -3.0% | +6.5% |
Discussion
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