$CPNG (+1.99%) | Coupang Q3 Earnings Highlights:

🔹 Revenue: $7.87B (Est. $7.8B)😐; UP +27% YoY

🔹 EPS: $0.04 (Est. $0.01) 🟢; DOWN -20% YoY

🔹 Adjusted EBITDA: $343M (Est. $319M) 🟢; UP +44% YoY

Consolidated Highlights:

🔹 Gross Profit: $2.27B; UP +45% YoY

🔹 Gross Profit Margin: 28.8%, an improvement of 350 bps YoY

🔹 Operating Cash Flow (TTM): $1.8B; DOWN -$805M YoY

🔹 Free Cash Flow (TTM): $(42)M; DOWN -$578M YoY

🔹 Cash and Cash Equivalents: $5.82B

Segment Revenue:

🔹 Product Commerce Revenue: $6.89B; UP +16% YoY (+20% constant currency)

🔹 Developing Offerings Revenue (Int’l, Eats, Play, Fintech, Farfetch): $975M; UP +347% YoY

- Excluding Farfetch: $536M; UP +146% YoY

Operational Metrics:

🔹 Product Commerce Active Customers: 22.5M; UP +11% YoY

🔹 Net Revenue per Active Customer: $307; UP +4% YoY

Additional Metrics:

🔹 Net Income: $64M; DOWN -30% YoY

🔹 Adjusted EBITDA Margin: 4.4%, UP 50 bps YoY

🔹 Net Income Attributable to Coupang Stockholders: $70M; DOWN -23% YoY

- Excluding Farfetch: $108M

CFO Gaurav Anand's Commentary:

🔸 "This quarter we continued the strong momentum with robust growth in revenues and margins. Our newer offerings like Fulfillment and Logistics by Coupang (FLC) and R.Lux are significant growth opportunities within Rocket Delivery. We reached near break-even profitability in Farfetch ahead of schedule, demonstrating our focus on operational excellence and customer satisfaction."

Strategic Updates:

🔸 Strong growth from categories including FLC and R.Lux luxury offerings

🔸 Continued investment in Rocket Delivery to expand in-demand categories