New Street Research - Coupang (CPNG) CPNG 3Q23 Preview: Positive Progress on Eats’ Inclusion in Wow

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New Street Research

Jin Yoon

CPNG 3Q23 Preview: Positive Progress on Eats’ Inclusion in Wow

What’s New: We nudge down our top-line estimates to reflect the full-quarter impact from the changes in FLC contract. In this note, we highlight the latest updates including overall demand environment and progress of Eats’ inclusion in Wow.

Analysts:
Jin Yoon

27/09/2023 1 EN

Underlying

Coupang

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US22266T1097 New York Stock Exchange United States

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Analysts

Jin Yoon

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CPNG 3Q23 Preview: Positive Progress on Eats’ Inclusion in Wow

CPNG 1Q24 Results: Strong Momentum in Eats

Vital Signs: Actionable charts

CPNG 1Q24 Preview: Overall Business Remains Intact

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

VEON (Buy, TP: $40, +55%) Thoughts after the call

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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