CPNG 3Q23 Results: Positive Progress in Developing Offerings Could Drag Near Term Margins
What’s new: Coupang’s reported 3Q23 results were above consensus and our expectations as revenue and active customer growth continued to accelerate in the quarter. Investments in developing offerings could be slightly above the initial guidance of $400mn in FY23 partly due to encouraging progress in Eats and Taiwan. We maintain our PT at USD25.Analysts:
Jin Yoon
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.