$16.520
+0.296 (+1.79%)At close
CPNG News
CPNG Events
Digital Turbine Shares Rise 24.3% After Earnings
Stock futures were mixed following this week's already sharp gains after another slate of big earnings reports. While SpaceX slipped after its first report as a public company, gains from Booking, Arista, and others weighed on futures. Crude oil futures were also lower amid optimism over a potential U.S.-Iran deal to reopen the Strait of Hormuz.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Digital Turbineup 24.3%Travere Therapeuticsup 12.4%Arista Networksup 9.2%Ultragenyxup 6.4%Bookingup 5.7%Wynn Resortsup 5.5%Paylocityup 3.4%ALSO HIGHER -Sight Sciencesup 9.6% after receiving FDA 510clearance of the Omni Ultra Surgical SystemDOWN AFTER EARNINGS -Teradatadown 18.4%ViaSatdown 9.5%Chemoursdown 9.4%Match Groupdown 9.1%Pinterestdown 9.1%AMDdown 8.7%Lucid Groupdown 7.8%DaVitadown 7.3%SpaceXdown 7.2%Lattice Semiconductordown 6.5%Coupangdown 6.1%
Company Reports Q2 Revenue of $8.9B, Below Consensus
Reports Q2 revenue $8.9B, consensus $8.92B.
Goldman Sachs: Coupang Faces KRW 300B Tax Assessment
Coupang faces an additional KRW 300B tax assessment following a special audit focused on intercompany transactions and the tax treatment of data management expenses, suggesting that regulatory and tax scrutiny remains an overhang despite reduced uncertainty from the earlier data breach fine, Goldman Sachs tells investors in a research note. The firm has a Buy rating and $31 price target on Coupang.
Coupang Fined $278M for Data Incident
Coupang disclosed that the Korean Personal Information Protection Commission announced an administrative fine of $278M for one of Coupang's Korean subsidiaries, Coupang Corp., relating to the previously disclosed November 2025 data incident. The PIPC also announced a separate administrative fine of $132M, unrelated to the November 2025 data incident, alleging that Coupang Corp. violated the Korean Personal Information Protection Act in connection with the collection and storage of data related to a third-party advertising program. In addition, the PIPC directed Coupang Corp. to take corrective actions related to these matters. Coupang added, "The PIPC's regulatory findings and penalties are subject to judicial review. Coupang Corp. will vigorously pursue judicial relief in the Seoul Administrative Court. Payments of fines to the PIPC are not automatically stayed during an appeal and are not deductible for income tax purposes. The estimated administrative fines of approximately $410 million will be recognized in our 2026 second quarter operating results within operating, general and administrative expenses."
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