Neil's avatar
$37.6m follower assets
Amazon Earnings Reaction
  • Net sales increased 7% to $121.2 billion, while net loss was $2 billion compared with net income of $7.8 billion in the same quarter last year.
  • Online store sales decreased 4% year over year (YOY). But as I said in my last video, I'm not too concerned about that.
  • Third-party seller services increased 9% YOY. That's one of the reasons why I'm not concerned about online store sales being down.
  • Subscription services increased 10% YOY, and this part of the business is probably Amazon's biggest moat.
  • Advertising services increased by 18% YOY even though online store sales were down.
  • Lastly, Amazon's most lucrative segment. Amazon Web Services (AWS), increased 33% YOY.
  • For Q3, the company expects net sales to come in at $127.5 billion at the midpoint, growing 15% YOY.
No comments yetBe the first to add your insight!

Author

Related