By Paul Ziobro
Coupang posted strong revenue growth in the fourth quarter, as the online-shopping company logged more sales and added more customers.
The Seattle company, which operates an online-shopping business in Korea, on Tuesday reported a profit of $156 million, or 8 cents a share, compared with a profit of $1.03 billion, or 57 cents, in the same quarter a year earlier. Last year's results were boosted by an $895 million non-cash tax benefit.
Excluding benefit from a fulfillment center fire insurance gain, earnings would have been 1 cent a share. Analysts polled by FactSet expected 1 cent a share.
Revenue rose 21%, to $7.97 billion, short of the $8.14 billion expected by analysts.
Product commerce revenues rose 9%, to $6.9 billion, the company said. The number of active customers reached 22.8 million, up 10% from a year ago.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
February 25, 2025 16:47 ET (21:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。