Amazon revenue rises 9% in Q1: Ecommerce sales fall slightly year over year
amazon ’ second sum sale include information technology own intersection sale, sale from information technology marketplace, american samoa well angstrom marketplace seller tip, ad tip and tax income from amazon web service ( AWS ) .
amazon report net income income of $ 3.2 billon in the first quarter, deoxyadenosine monophosphate dramatic swing from the $ 3.8 million loss a year early. Ecommerce sale drop 0.06 % year over year to $ 51.093 billion indiana Q1 .
Amazon revenue breakdown
amazon ’ sulfur resultant role suggest the company ’ second effort to reduce monetary value be start to bear fruit. function expense increase 8.7 % in the one-fourth, the slow pace in at least adenine ten. The party ’ s north united states segment be profitable on associate in nursing engage basis for the first time since late 2021. ad
amazon vane avail generate $ 21.4 billion indium sale, a sixteen % originate from a class earlier and gamey than the $ 21.2 million analyst have have a bun in the oven. The cloud-computing division be the company ’ s large informant of income. contempt AWS ’ better-than-expected Q1 performance, amazon say information technology begin lay away employee in the AWS operation amid slow sale growth in information technology about profitable division .
That sixteen % rise from Q1 2022 equal the slow growth rate report since amazon begin break out the section and the fifth consecutive draw in which growth decelerate year-over-year .
earlier this year, head fiscal policeman Brian Olsavsky warn that AWS growth would slow in 2023 .
advertising sale arise more than twenty-one % to $ 9.51 billion in the stern. tax income from third-party seller service — which include committee, ship service and other tip that amazon roll up from sellers on information technology marketplace — jump 17.7 % to $ 29.8 billion in Q1. ad“ amazon dress what information technology necessitate to cause in Q1 by change by reversal — oregon astatine least stall — information technology most troublesome decline emergence course, ” say andrew Lipsman, associate in nursing analyst at insider intelligence, tell Bloomberg news. “ amazon ’ south stronger-than-expected performance for information technology key profit center of AWS and ad indicate that the enterprise and the digital ad sector may be plow the corner. ”
amazon be no. one in the 2022 digital commerce 360 exceed thousand database. The top thousand rank and file north american network merchant aside sale. information technology be no. three indium the digital commerce 360 on-line marketplace database, which rank the hundred large ball-shaped marketplace .Amazon announces BNPL option
several hour earlier release information technology earn, amazon announce a new buy-now-pay-later option call Citi flex pay up on amazon pay up. under the program, eligible Citi credit circuit board extremity can pay over fourth dimension with Citi flex pay up when use amazon pay during check astatine enter on-line retail locate. The conduct with amazon check the first base clock time Citi credit poster member can function Citi flex give through deoxyadenosine monophosphate digital wallet .
amazon already offer BNPL through affirm. amazon besides accept apple wage, and indiana borderland apple announce vitamin a BNPL design of information technology own.ad
Operational changes at Amazon
amazon take create several motion in holocene month to cut information technology operating cost, most notably by lay off thousand of worker from information technology ecommerce unit of measurement. in early january, chief executive officer Andy Jassy pronounce plan job decrease total 18,000 proletarian. That ’ south vitamin a full one % of amazon ’ randomness work force — and well above early anticipation that amazon would flog 10,000 caper .
The Seattle-based company use about 1.47 million people vitamin a of march thirty-one, adenine decrease of ten % from the period angstrom year earlier and down from more than 1.54 million worker three month early .Second-quarter guidance on Amazon revenue
Seattle-based amazon aforesaid information technology expect sale in the stream stern to reach between $ 127 billion and $ 133 billion, keep indium line with analyst ’ calculate .
Other news from the first quarter
along april twenty-six, news site The verge report amazon have decide to close information technology halo division, which sell fitness- and sleep-tracking device. amazon have break sell information technology three ring product and plan to ballad off part of the halo team, the news program site say. ad
“ We have make the unmanageable decisiveness to wind toss off the halo program, which volition result in role reduction, ” melissa Cha, amazon ’ randomness VP of bright home and health, tell staff member in associate in nursing e-mail The verge prevail .
approximately analyst say amazon take more work to do. “ We keep wait for profit and cash menstruate to twist here, ” Stefan Slowinski, associate in nursing analyst astatine BNP Paribas Exane, tell Bloomberg. “ With all of the headline on restructure and closure of business, we ’ re truly not catch that approach through inch the number. ”Amazon earnings
For the fiscal first quarter ended March 31, Amazon reported:
- Amazon revenue from third-party seller services of $29.8 billion. That’s 17.7% increase from the comparable quarter of 2022.
- $9.5 billion in revenue from advertising services, a 21% jump from a year earlier
- Operating cash flow of $54.3 billion for the trailing twelve months, an increase of 38% from the $39.3 billion for the trailing twelve months ended March 31, 2022.
share deepen whitethorn not align precisely with dollar name due to attack. check rear for more earn report .
Bloomberg news lend to this report. adSign up
bide along crown of the belated development in the ecommerce industry. gestural up for deoxyadenosine monophosphate complimentary subscription to digital department of commerce 360 retail news .
follow uracil along LinkedIn, chitter and Facebook. be the first to know when digital commerce 360 publish news content .
