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Coupang Q1 SWOT
$CPNG reported earnings after market close Wednesday and is up 19% after hours.

Quick Q1 SWOT:

  • Strength: Gross margins improved 450 bps and gross profits grew 42% YoY, leading to its Product Commerce segment's (e-commerce and fresh grocery delivery) first EBITDA-positive quarter.
  • Weakness: Active customers only grew 13% -- it's first quarter below 20% growth after 16 straight quarters above.
  • Opportunity: Its Developing Offerings segment (food delivery, fintech, ads, international, video streaming) grew by 79% YoY and provides a strong value proposition to customers signed up for a Rocket WOW membership (think Amazon Prime).
  • Threat: Coupang needs to prove its Fresh (grocery) and Eats (food delivery) operations can thrive with South Korea's high population density. Their U.S. peers are yet to find meaningful, long-term profitability here, but our density is more widespread.

Keeping a long-term horizon -- the pros outweigh the cons, and I am happy to continue holding and adding to this one over the long term.
Will Coupang beat the S&P 500 over the next decade?
50%Of Course
33%No Way
16%Who is Coupang?

12 VotesPoll ended on: 5/15/2022

Steve Matt's avatar
I had to vote of course since I own shares lol
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