Coupang Shares Slide 7% After $242M Loss and Slower Growth Warning
CPNG•Coupang reported a $242 million net loss in its latest quarter and cautioned that revenue growth will decelerate in forthcoming periods. The announcement triggered a roughly 7% drop in its share price as investors digested the earnings shortfall and tepid outlook.
1. Quarterly Net Loss
Coupang reported a net loss of $242 million in the quarter as continued investment in logistics infrastructure and promotional activities weighed on earnings.
2. Growth Outlook Revision
Management warned that revenue growth will decelerate in upcoming periods, reflecting market maturation and intensifying competition in its primary markets.
3. Market Reaction
Shares fell approximately 7% on the stock market as investors reacted to the earnings shortfall and tempered growth expectations.
