NYSE$CPNG
Coupang Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Coupang's Q4 2023 performance was marked by revenue growth and increased customer engagement.
Coupang reported strong Q4 2023 results with a 23% YoY increase in net revenues to $6.6 billion and a 32% YoY increase in gross profit to $1.7 billion. The company's active customers surpassed 21 million, demonstrating substantial growth and customer engagement.
- Net revenues increased by 23% year-over-year to $6.6 billion.
- Gross profit grew by 32% year-over-year to $1.7 billion, with a gross profit margin of 25.6%.
- Net income reached $1.0 billion, or $0.57 per diluted share.
- Active customers increased by 16% year-over-year, surpassing 21 million.
Headline financials
Revenue & EPS history
Coupang · Revenue · Quarterly
$6.56B
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
While the report doesn't explicitly include forward guidance, the CEO and CFO comments suggest a positive outlook for 2024, focusing on continued customer delight and long-term shareholder value.
Tailwinds
- Continued focus on customer satisfaction and creating 'wow' experiences.
- Commitment to investing in more savings and benefits for customers.
- Significant opportunity for growth in the Korean and Taiwanese retail markets.
- Confidence in the teams' ability to drive long-term shareholder value.
- Record $3 billion in benefits and savings provided to WOW members.
Headwinds
- Developing Offerings segment adjusted EBITDA was negative $150 million, compared to negative $55 million in the prior year.
- No specific financial guidance provided for future periods.
- Potential risks associated with managing growth and expansion into new markets.
- Impact of the global economy, including inflation and foreign currency exchange rates.
- Competition in the retail industry.
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 Q4 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
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro