Latest news with #CoupangEats
Korea Herald
06-08-2025
- Business
- Korea Herald
Coupang hits record Q2 sales on loyal customers, Taiwan growth
Korean e-commerce giant Coupang reported record quarterly revenue of over $8 billion in the second quarter, swinging to a profit on solid core commerce and growing new businesses. According to the NYSE-listed firm on Wednesday, sales in the April–June period rose 19 percent on-year on an FX-neutral basis to $8.52 billion, marking its first quarter to surpass the $8 billion mark. Its profit swung into the black, with operating income reaching $149 million, up $53 million when excluding the impact of a Fair Trade Commission fine last year related to alleged search algorithm manipulation. Net profit came in at $31 million, reversing a $105 million loss from the same period a year earlier. Coupang founder and CEO Kim Bom highlighted the company's Product Commerce segment, comprising Rocket Delivery, Rocket Fresh, Rocket Growth and Marketplace, as the main driver of revenue. 'The majority of revenue growth (of Product Commerce) this quarter was driven by our existing customers, with all customer cohorts, even the most mature, demonstrating robust double-digit spending increases,' he said during the second-quarter earnings call. Coupang's Product Commerce segment saw revenue rise 17 percent to $7.33 billion, while the number of active customers climbed 10 percent to 23.9 million. According to Kim, Coupang added 500,000 new items to Rocket Delivery during the quarter, which helped boost same-day and overnight delivery volumes by more than 40 percent year-over-year. 'The Product Commerce segment (is) where we're rapidly expanding Rocket selection while continuing to redefine customer expectations around delivery speed," he added. The company's Developing Offerings segment, which includes Taiwan Rocket Delivery, Farfetch, Coupang Eats and Coupang Play, delivered $1.19 billion in revenue, a 33 percent increase from a year earlier. Among the engines of growth was Taiwan, where Coupang launched operations in 2021, bringing its hallmark Rocket Delivery and WOW membership services to market. Kim said the Taiwan delivery business is growing 'faster and stronger' than the company's optimistic forecasts, adding that second-quarter revenue rose 54 percent quarter-over-quarter. 'Year-over-year revenue growth was triple digits in the second quarter, and we expect that to be even higher in the third quarter.' The company also shared a positive outlook for continued growth in Coupang Play and Coupang Eats. For Coupang Play, it launched Sports Pass during the quarter, a new offering that provides access to a wider range of popular live sports content. Coupang Eats, the company's food delivery platform, maintained what Kim described as 'strong momentum,' thanks to curated product selection and reliable delivery speed. Still, losses widened in the growth segment. Adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, showed a loss of $235 million, an increase of $35 million from the previous year. Coupang CFO Gaurav Anand said the losses reflect increased investment tied to accelerated growth in Taiwan. 'This investment is a reflection of the increasing level of confidence we have in the near- and long-term potential for these offerings,' he said, expressing optimism about the rising pace of customer spending that is fueling further investment in Taiwan.
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Coupang Unveils Rebranding of AI Cloud Computing Service
Coupang, Inc. (NYSE: CPNG) today announced the rebranding of its AI cloud computing service as Coupang Intelligent Cloud (CIC). CIC represents the evolution of Coupang's AI infrastructure. Over the years, Coupang has extensively utilized its AI computing infrastructure to enhance its services and operations and also provides GPU-as-a-Service (GPUaaS), including to external parties. CIC's data centers, located in Seoul, South Korea and the greater metropolitan area, are equipped with cutting-edge infrastructure. These facilities feature high-capacity power systems, advanced cooling technologies, redundant power architecture, multi-network support, and robust physical security—helping to ensure stable operations. About Coupang Coupang is a technology and Fortune 150 company listed on the New York Stock Exchange (NYSE: CPNG) that provides retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play, Farfetch, and Rocket Now. View source version on
Yahoo
02-07-2025
- Business
- Yahoo
Coupang Unveils Rebranding of AI Cloud Computing Service
SEATTLE, July 02, 2025--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG) today announced the rebranding of its AI cloud computing service as Coupang Intelligent Cloud (CIC). CIC represents the evolution of Coupang's AI infrastructure. Over the years, Coupang has extensively utilized its AI computing infrastructure to enhance its services and operations and also provides GPU-as-a-Service (GPUaaS), including to external parties. CIC's data centers, located in Seoul, South Korea and the greater metropolitan area, are equipped with cutting-edge infrastructure. These facilities feature high-capacity power systems, advanced cooling technologies, redundant power architecture, multi-network support, and robust physical security—helping to ensure stable operations. About Coupang Coupang is a technology and Fortune 150 company listed on the New York Stock Exchange (NYSE: CPNG) that provides retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play, Farfetch, and Rocket Now. View source version on Contacts Investor Contact:Coupang IRir@ Media Contact:Coupang PR press@
Yahoo
09-06-2025
- Business
- Yahoo
Should You Invest in Coupang Right Now?
The e-commerce giant has built a solid competitive advantage in its home market of South Korea. Fast shipping speeds and other benefits have won it over 23 million customers -- and growing. International growth is the big question, but investors are not being asked to pay a steep premium. These 10 stocks could mint the next wave of millionaires › Coupang (NYSE: CPNG) is often referred to as the "Amazon of South Korea." It's a fast-growing e-commerce store that is following a strategy similar to its U.S. counterpart by offering a range of services like food delivery (Coupang Eats) and entertainment (Coupang Play) to supplement its online retail business. The thing is, Coupang is not trying to be the next Amazon. It started out years ago as an eBay-like marketplace. Even though Coupang was profitable, founder and CEO Bom Kim didn't like the direction in which the company was headed and decided to completely restructure the business into what it is today. Since 2018, the company has grown revenue from $4 billion to $31 billion on a trailing-12-month basis. It dominates the Korean e-commerce market. While it's uncertain how far Coupang might be able to expand beyond South Korea over the long term, the stock is offering a reasonable valuation that may undervalue its prospects in existing markets. On a currency-neutral basis, Coupang has delivered consistent growth of 20% or more since its initial public offering in 2021. It entered 2025 with continued momentum, with revenue up 21% year over year in the first quarter, excluding currency changes. Coupang has built a strong advantage with its logistics infrastructure that can deliver orders overnight to customers living in high-density population centers. This has kept competitors like Amazon at bay, allowing Coupang to gain over 23 million customers, and it's still growing. Its active customer count grew 9% year over year last quarter. Moreover, Coupang is seeing its free cash flow and margins improve as it scales investments and grows revenue. It generated $1 billion in free cash flow on a trailing-12-month basis, which is a notable improvement over the negative free cash flow reported just a few years ago. Investments in technology, automation, and robotics are benefiting its ability to deliver packages faster while reducing costs. Investors should expect Coupang's free cash flow to increase over the next several years, which could benefit the stock. Coupang has a solid lead in South Korea, but investors need to know if its strategy will work outside of its home market. On that score, there are early signs that Coupang could be successful expanding in select international markets. The e-commerce giant entered Taiwan in 2021 and continues to expand. It recently launched its WOW membership program there, bringing free shipping and other benefits for a subscription fee. The continued investment in Taiwan indicates management is seeing high returns on capital spending. But it's also important to know that the South Korean retail market alone is worth $500 billion. Coupang controls a very small percentage of the combined market in both countries, providing plenty of long-term growth potential. What makes the stock appealing is that its valuation doesn't require sky-high growth for investors to earn good returns. The stock's price-to-sales multiple of 1.7 is fair for its current pace of growth. Given its growth trajectory and opportunities ahead, investors buying the stock today could double their investment in five years, assuming Coupang can continue growing revenue around 15% per year and the stock trades at the same price-to-sales multiple. If Coupang continues to show more potential for international growth, the upside could be quite significant over the next few decades. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $367,516!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,712!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $669,517!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. John Ballard has positions in Coupang. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends Coupang. The Motley Fool has a disclosure policy. Should You Invest in Coupang Right Now? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
26-05-2025
- Business
- Korea Herald
Coupang streamlines leadership, Park Dae-jun named sole CEO
South Korean e-commerce giant Coupang announced Monday that it will restructure its top leadership, moving from a dual-CEO structure -- with Park Dae-jun and Kang Han-seung at the helm -- to a sole-CEO model led by Park. With Park assuming full responsibility for overseeing the company's operations, the company plans to double down on AI-driven logistics expansion while continuing to support Korean small businesses. Park, who joined Coupang in 2012 as director of public policy office, was promoted to vice president of policy in 2019 and has been leading the company's new business division since 2020. Under his leadership, Coupang has made significant strides in innovation, including nationwide expansion of its ultrafast Rocket Delivery service and large-scale job creation. Park has also spearheaded regional infrastructure development and forged collaborations with local governments and agencies, launching initiatives that broaden digital sales channels for small businesses and farmers. By driving new ventures such as Coupang Eats and Coupang Play, Park has continued to enhance the customer experience and drive sustainable growth. Meanwhile, Kang Han-seung, who had overseen Coupang's management operations, will shift his focus to North American business development and global expansion. This move aligns with Coupang Inc., the parent company, as it accelerates global operations with initiatives such as Rocket Delivery in Taiwan and expanded luxury e-commerce offerings through Farfetch.
