Coupang, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 07, 2024 at 04:00 pm EDT
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Coupang, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 7,114 million compared to USD 5,801 million a year ago. Net income was USD 5 million compared to USD 91 million a year ago.
Coupang, Inc. owns and operates a retail business, which primarily serves the Korean retail market. Through its mobile applications and Internet websites, it offers products and services that span a range of categories, including home goods and decor, apparel and beauty products, fresh food and grocery, sporting goods, electronics, everyday consumables, travel, restaurant order and delivery, content streaming, and advertising. Its Product Commerce segment primarily includes core Korean retail (owned inventory) and marketplace offerings and Rocket Fresh, its fresh grocery offering, as well as advertising products associated with these offerings. Its Developing Offerings segment primarily includes more nascent offerings and services, including Coupang Eats, its restaurant ordering and delivery service in Korea, Coupang Play, its online content streaming service in Korea, fintech, its retail operations in Taiwan, as well as advertising products associated with these offerings.
COUPANG, INC. 
