CPNG 2Q24 Results: Rev Growth Outlook Remains Intact
What’s new: Coupang’s reported 2Q24 top-line results that were slightly below consensus and our expectations. Margins were above expectations partly driven by faster growth in higher margin categories and better efficiencies across operations. Developing offering losses of US$750mn for FY24 remains intact despite sequential increase losses in 2Q. We maintain our PT at US$28.Analysts:
Jin Yoon
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