Rocket Growth News Today

As it approaches its third year of being listed on the US stock market, Coupang is generating buzz with expectations of its first-ever profit.

Coupang saw sales increase to an all-time high in the third quarter of this year thanks to the gradual growth of its flagship Rocket Delivery service here and abroad, the e-commerce giant said on Wednesday.

Coupang, a New York Stock Exchange-listed, Seoul-based e-commerce firm, registered an operating profit of over $107 million in the first three months of this year, despite recession woes fanned by higher borrowing rates and inflation, market watchers said Wednesday.

Net Revenues of $5.8 billion, up 20% YoY on an FX-neutral basis Record Gross Profit of $1.4 billion, up 36% YoY Net Income of $91 million, an increase of $300 million YoY Positive Free Cash... | May 9, 2023