Amazon Q2 Earnings: Revenue Rises 11% as CEO Touts ‘Strong Demand’ for Advertising

  • 📰 Variety
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Amazon sales hit $134.4 billion, up 11%, for the second quarter of 2023, as the ecommerce giant topped Wall Street estimates in a big earnings beat. The company reported income of $6.7 billion for …

sales hit $134.4 billion, up 11%, for the second quarter of 2023, as the ecommerce giant topped Wall Street estimates in a big earnings beat.

Sales in Amazon’s AWS cloud-computing business grew 12% year-over-year to $22.1 billion — while advertising revenue in Q2 jumped 22% to $10.68 billion . Under its 11-year pact with the NFL, Amazon is reportedly paying about $1 billion annually for exclusive rights to 15 regular-season games and one preseason game per year.

For the third quarter, Amazon expects revenue to be $138 billion-$143 billion, or to grow between 9% and 13% compared with Q3 2022. Operating income is expected to be between $5.5 billion and $8.5 billion, compared with $2.5 billion in the year-earlier period.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 108. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Robinhood reports drop in crypto revenue in latest earnings reportRobinhood’s transaction-based revenue derived from cryptocurrencies dropped 18 percent due in part to fewer customers placing trades.
Sumber: TheBlock__ - 🏆 464. / 53 Baca lebih lajut »

Here's the trade on Amazon heading into earnings, according to analystsAmazon reports second-quarter earnings after the bell Thursday.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Amazon set to report second-quarter earnings after the bellAmazon investors will be focused on cloud revenue growth, retail margins and commentary around artificial intelligence in the company's earnings report.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »