SoftBank reports Q2 net income of ~$7.7B and a Vision Fund gain of ~$2.42B, driven by strong Indian IPOs and valuation gains in startups like Coupang and Didi
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Coupang reports Q3 revenue up 27% YoY to $7.9B, net retail sales of $6.14B, vs. $6.24B est., and operating income below projections; CPNG drops 8% after hours
Yoolim Lee / Bloomberg :
Coupang reports Q2 revenue up 25% YoY to $7.3B and a $77M net loss, its first loss since 2022, due to its Farfetch deal and a South Korean regulatory fine
Yoolim Lee / Bloomberg :
Coupang reports Q3 net revenue up 21% YoY to $6.2B, vs. $5.9B est., a $91.3M net income, and active customers up 14% YoY to a record 20.4M+; CPNG drops 5%+
Yoolim Lee / Bloomberg :
Coupang reports Q2 revenue up 16% YoY to $5.8B, a $145M net income, up from a $75.4M loss in Q2 2022, and plans to expand in Taiwan after a year of profits
Kate Park / TechCrunch :
Coupang reports Q1 revenue up 13% YoY to $5.8B, a $106.8M operating income, compared to a $205.7M loss in Q1 2022, and active customers up 5% YoY to 19M+
Sohee Kim / Bloomberg :
South Korean e-commerce giant Coupang reports Q4 revenue up 4.9% YoY to $5.33B and active customers up 1% YoY to 18.1M, both below estimates
Sohee Kim / Bloomberg :
The shares of South Korean e-commerce giant Coupang are down 46% since its $4.6B US IPO one year ago
Filipe Pacheco / Bloomberg :
Amid tech stocks' poor performance, especially IPOs, some venture firms are cutting back investments and startup valuations, as they renegotiate funding deals
As everyone with a brokerage account braces for emotional trauma they've rarely … Tweets: Eliot Brown / @eliotwb : Several large startup investors rapidly pulling back -prices for private shares dropp...
SoftBank reports a record Q2 Vision Fund loss of $7.3B as the value of holdings like Coupang and Didi plunged, and a $3.5B net loss overall for the company
Pavel Alpeyev / Bloomberg :