CPNG - Citigroup sees Coupang subscription price hike as 'highly profitable'
2024-04-15 09:09:32 ET
Coupang ( NYSE: CPNG ) raised its Rocket Wow subscription price by 58%, earlier than expected and a development which Citigroup views as “highly profitable” for the South Korean online retailer. As the increase will raise revenue without generating additional costs, Citigroup expects an impact to adjusted EBITDA of $160M in 2024 and $410M in 2025. ...
Citigroup sees Coupang subscription price hike as 'highly profitable'