Coupang Announces Results for Fourth Quarter 2023
CPNGCoupang(CPNG) Businesswire·2024-02-28 05:00

SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG) today announced financial results for its fourth quarter ended December 31, 2023. Q4 2023 Key Financial and Operational Highlights Net revenues were $6.6 billion, up 23% YoY on a reported basis and 20% YoY on an FX-neutral basis. The net revenues growth rate would have been an estimated 940 bps higher than the 20% growth without the accounting change in FLC revenue, which we began recording on a net basis starting in Q2 2023. Gross profit increased 32% Yo ...