Wednesday, November 30, 2022
HomeAmazonAmazon is afraid of the near future

Amazon is afraid of the near future

Amazon revealed on October 27 its accounts for the third quarter of 2022. She shows off an increase in sales despite the economic uncertainty inherent in inflation and the strengthening dollar. Despite this good news, the American company expect slower growth at the year-end party.

Amazon’s growth is picking up again, but for how long?

Over the past three months, Amazon has recorded $127.1 billion in net revenue. This is 15% more than the $110.8 billion in the third quarter of 2021. With $2.9 billion net profitis the e-commerce giant profitable again and ends with two quarters of loss.

In the same category

Mobileye goes public successfully

Amazon is powered by its cloud computing division, which achieved 27% growth during the rolling year and generated 20.5 billion dollars. Amazon Web Services, its cloud subsidiary, represents 16% of turnover while being the only branch to generate an operating profit.

The Seattle-based company also took advantage of its annual Prime Day event, a two-day flash sale reserved for Amazon Prime members. She said it was her biggest release with $6.8 billion in revenue. This is 5 billion dollars more than the amounts collected during two classic sales days. In addition, its premium subscription grew 9% and brought in 8.9 billion.

Finally, Amazon explains that the strengthening of the US dollar after the war in Ukraine and the economic difficulties resulted in $2.5 billion in losses in its international operations.

Amazon has no problem with the advertising industry

While tech giants like Meta and Snap grapple with challenges in the online advertising industry, Amazon manages to pull out of the game. Amazon’s advertising business increased by 25% compared to the third quarter of 2021 and earned DKK 9.5 billion.

In his statement (PDF), Andy Jassy, ​​president and CEO of Amazon, said that ” there is obviously a lot going on in the macroeconomic environment, and we will balance our investments to be more effective without compromising our long-term strategic efforts “.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments