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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon is undergoing a steady transformation under CEO Andy Jassy.

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Google Cloud growth slows as Alphabet net income plunges

CIO Business Intelligence

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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YouTube brings in $5 billion in ad revenue as Alphabet and Google bounce back

The Verge

Google parent company Alphabet’s third quarter revenue increased 14 percent from the year before, led by a rebound in advertising revenue for both Google and YouTube. This quarter, the advertising rebound in both search and YouTube helped drive the revenue, Ruth Porat, CFO of Alphabet and Google said in a statement announcing the earnings.

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Google parent company Alphabet sees its first revenue decline in history

The Verge

Net income dropped from $9.9 One bright spot was YouTube, where advertising revenue rose from $3.6 Google “other revenues,” which includes its hardware, Play Store, and non-advertising YouTube revenues — reported $5.12 Developing. Total revenue for the quarter was $38.3 billion, versus the $37.4 billion a year ago, to $6.9

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Amazon delivers big earnings miss, Jassy warns Q4 will bring ‘several billion dollars of additional costs’

GeekWire

Net sales rose 15% to $110.8 For the first time in Amazon’s history, the company’s revenue from online and physical retail store sales represented less than 50% of its overall revenue for the quarter, due to steady increases in areas such as its Amazon Web Services cloud business and revenue from advertising.

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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Wall Street analysts expect the company to report net sales (revenue) of $131.5 In its prior guidance for the second quarter, Amazon said it expected net sales between $127 billion and $133 billion; and operating income between $2 billion and $5.5 billion, up 8.5% from a year ago, as reported by Yahoo Finance.

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Amazon stock jumps 7% after Q2 earnings beat estimates with $134.4B in revenue

GeekWire

Net income was $0.65 Microsoft and Google both posted strong cloud results in their earnings reports last week, benefitting in part from early interest in infrastructure and services to help corporate customers develop generative AI applications. Advertising: Along with AWS, advertising is one of Amazon’s higher-margin businesses.