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Coupang posts record quarterly sales, swings to Q3 operating profit

Korea Economic Daily LogoKorea Economic Daily2h ago

Coupang posts record quarterly sales, swings to Q3 operating profit - Korea Economic Daily

Quick Summary:

Sales in the Developing Offerings segment, including International, Coupang Eats, Coupang Play, Fintech and Farfetch, were $975 million, up 347% from a year earlier on a reported basis.

In January, Coupang acquired British online luxury fashion retailer Farfetch in a $500 million deal that awarded the New York-listed e-commerce firm the leading position in the $400 billion global personal luxury goods market.

Coupang's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $343 million, with a margin of 4.4%, up 50 basis points from last year.


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Coupang posts record quarterly sales, swings to Q3 operating profit - Korea Economic Daily (Picture 1)Coupang posts record quarterly sales, swings to Q3 operating profit - Korea Economic Daily (Picture 2)Coupang posts record quarterly sales, swings to Q3 operating profit - Korea Economic Daily (Picture 3)Coupang posts record quarterly sales, swings to Q3 operating profit - Korea Economic Daily (Picture 4)

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 11:25:55 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23440310

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 14 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 43 minutes ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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