Coupang, Inc.: Geographic Expansion & Market Penetration Driving Our Optimism!

Coupang’s recent performance in the fourth quarter of 2024 illustrates both advancements and challenges within the company. On the positive side, Coupang’s efforts in expanding its logistical and technological capabilities have yielded significant results. Over the past 12 months, the company reported nearly a $6 billion increase in net revenues, reflecting a 23% growth in constant currency, after excluding the acquisition of Farfetch and the gains from a fulfillment center fire insurance. Additionally, the company has witnessed an even stronger gross profit increase of 29%, reaching $2.5 billion in the fourth quarter, indicating efficient cost management and a rising demand for its services.