has made its results public amid a wave of uncertainty. The company founded by Jeff Bezos has had a loss of 20 cents per share compared to 13 cents per share that analysts expected, but its income has exceeded expectations, achieving 121,230 million dollars compared to 119,090 expected. After hearing the news, the firm’s shares have shot up 10.45% in the ‘after hours’ market.
The losses include 3,900 million lost for its investment in Rivian Automotive, without counting this operation the firm would have made a profit of 1,900 million. This is the reason why the market has not taken losses negatively. The company states that “despite inflationary pressures, we are making progress in the more controllable costs, especially the productivity of the delivery network.” Apart from that, they are seeing how “revenues for Prime accelerate.” This news stands out especially after an announcement two days ago that the brand will raise the prices of this service in certain markets, including Spain. In that sense, it is assumed that revenues could grow even more next semester.
Returning to the figures, revenues have risen by 7%. It has also beaten results in Amazon Web Services with 19,700 million compared to the 19,560 expected. They have achieved the same milestone in ad sales reaching 8.76 billion. The latter were in question after the main social networks and internet-based businesses such as Snap, Facebook or Google, have had serious problems to avoid a drain on advertising revenue.
One piece of information that investors have particularly liked has been the company’s revenue estimates for the next quarter in which they have pointed to a margin of between 125,000 million and 130,000 million. Figures that would mean a growth of between 13% and 17% at a particularly difficult time for the world economy.
These results come amid a climate of pessimism after the and an environment of high inflation in which companies like Amazon could find many problems to overcome the rise in prices.
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