E-commerce giant Amazon It continued its recovery from a bad loss-making year the previous year, generating $19,801 million in revenue between January and September.
American company managed by Andy Jassy there was Accumulated net turnover of $404,824 million, up 11% It lost $3,000 compared to the same period last year, according to a statement.
Amazon closed the year with a profit of 33,000 million in 2021, but in 2022 the company could not make a profit and suffered a loss of 2,722 million due to the sharp decline in the stock market of the automobile company Rivian, in which it holds a significant share.
Amazon continued its recovery in the third quarter of 2023, reporting profits of 9,879 million (244% more) and revenue of 143,083 million (13% more)), half of which comes from its sales in North America, its largest market.
Amazon Web Services (AWS), the cloud segment leader in its market, generated $23.1 billion in revenue, a 12% growth that was overshadowed by rivals Microsoft Azure and Google Cloud.
Analysts also examined: advertising revenue due to strong 26% year-on-year growth this quarter approximately 12,000 million, although it lags behind tech giants Alphabet and Meta in this area.
Jassy noted that it improved the cost structure and delivery speed of its products this latest quarter, while AWS “continues to stabilize its growth” and advertising revenue increased “strongly.”
Moreover Breakthrough innovation in generative artificial intelligence (AI)Thanks to its programming assistant CodeWhisperer, Sdidas counts Booking.com, GoDaddy, LexisNexis, Merck, Royal Philips and United Airlines among customers who are “starting to manage a large number of productive AIs.”
Results announced at the close of the session on Wall Street, They were well received by investors and shares rose 1.2%. I took a break after a few days due to nervousness.
It has gained 42% in value since the beginning of 2023, reaching approximately $1.25 trillion.