The e-commerce giant’s revenue increased 11% year-on-year, to $158.9 billion.
The e-commerce giant Amazon presented this Thursday its results corresponding to the third quarter of the year, in which it obtained a net profit of 15,328 million dollars, which represents an increase of 55.15% from the 9,879 million dollars harvested in the same period of 2023. The firm’s shares rise 5% in operations after the market closes.
These figures translate into a earnings per share (EPS) of $1.43above the $0.94 per share recorded in the third quarter of 2023 and also above consensus forecasts, which pointed to an EPS of $1.14.
For its part, The company’s revenue increased 11% year-on-year, to $158.9 billioncompared to forecasts of 157.2 billion. North American turnover has increased by 9%, to $95.5 billion, and sales in the international segment have improved by 12% compared to the third quarter of 2023, and have reached $35.9 billion.
Amazon: which area of the business stood out in the third quarter
Amazon’s most prominent business area was revenue from Amazon Web Services (AWS)one of the most followed magnitudes in these accounts, and with its 27.5 billion dollars (+19%), they have been in line with forecasts.
You lie, operating income increased to $17.4 billion in the third quarter, compared to $11.2 billion reached between July and September 2023.
The company registered a 10% increase in advertising revenueup to 14,331 million, slightly above the forecasts of 14,300 million.
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“As we approach the holiday season, We are excited about what we have in store for customers.. “We’re kicking off the holiday season with our largest Prime Big Deal Days ever and the launch of an all-new Kindle line that is significantly exceeding our expectations,” highlights Andy Jassypresident and CEO of Amazon.
Furthermore, he assured that “there is much more to comefrom tens of millions of deals to the NFL’s Black Friday game and Election Day coverage with Brian Williams on Prime Video, to more than 100 new cloud infrastructure and artificial intelligence capabilities.”
Looking ahead to the fourth quarter of the year, the firm expects net sales between 181.5 billion and 188.5 billion, or growth between 7% and 11% compared to the fourth quarter of 2023. It also anticipates operating income to be between $16 billion and $20 billion.
Source: Ambito
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