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Neil
$24.6M
Followers
@couch_investor
07/29/2022
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.
https://youtu.be/pSfTp0T29sQ
$AMZN
YouTube
The Reasons Amazon Stock Soared After Earnings | AMZN Stock
In this video, I will be going over Amazon stock Q2 earnings report and explain why the stock rose 12% and why this is still one of the best investments one ...
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Neil
$24.6M
Followers
@couch_investor
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