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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 Web Services posted revenue of $22.1 ” [Rose 13.5%

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Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

GeekWire

. “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” Amazon CEO Andy Jassy said in a statement.

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Amazon sales of $113B disappoint Wall Street but profits of $7.8B exceed expectations

GeekWire

Amazon posted net sales of 113.1 The result was within the range of the company’s previously issued guidance of net sales between $110 billion and $116 billion. However, Wall Street analysts had expected Amazon to report overall net sales of $115 billion, on average, a 29% increase year-over-year. billion or $15.12

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Amazon profits nearly double to $14.3B, boosted by Rivian stake, as company hikes Prime fees

GeekWire

Amazon Web Services, the company’s cloud division, posted $17.8 ” Net sales rose 9% to $137.4 Amazon for the first time detailed revenue from its growing advertising business , which generated $9.7 billion, from $6.9 billion in revenue, up nearly 40%, and $5.3 billion in the quarter, up 33% year-over-year.

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Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue

GeekWire

Net income was $0.31 Analysts were closely watching Amazon Web Services as it is a key profit driver but has faced slowing growth amid the broader tech spending slowdown and other macroeconomic conditions. Amazon Web Services: Amazon’s cloud business was up 16% at $21.3 Advertising brought in $9.5

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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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Jeff Bezos sells more than $2.4B in Amazon stock

GeekWire

Amazon’s stock price soared last year to record-highs amid the pandemic as the company’s e-commerce, cloud computing, and advertising arms have boomed. Bezos is the world’s richest person, currently with a net worth of $191 billion, according to Bloomberg. 21 on Bloomberg’s list with a net worth of $57.8

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