Amazon exceeds earnings expectations and grows 21%

In terms of revenue, the company managed to beat expectations and have $127.4 billion, well above the Wall Street consensus of $124.5 billion. This represented a growth of 21%.

“There’s a lot to like about how our teams are delivering to customers, particularly in the midst of an uncertain economy,” Amazon CEO Andy Jassy said in a statement. “Our advertising business continues to deliver strong growth, in large part due to our continued investments in machine learning that helps customers see relevant information when they interact with us, which in turn delivers unusually strong results for brands.”

Still on Thursday of last week, the company reported that 100 of its entertainment collaborators would be liquidated, while businesses like AWS have managed to have new agreements. Only in this segment the company reported 16% growth.

In its quarterly report, the company noted that it reached new agreements with companies such as Southwest Airlines, BBVA or Zurich Insurance, while one of its latest purchases, One Medical, will have a new membership for the US market for a limited time.

Regarding its e-commerce business, the company indicated that its sales increased 9%, mainly driven by the Christmas season, especially in the US market where it grew 11%.

Nearly 26 million customers ordered same-day delivery items, an increase of 50% over the same period last year.

He also highlighted that his device business has been successful, both in the Ring brand and Fire TV. According to the brand, he managed to place 200 million Fire TV devices and hopes that the expansion into markets such as Mexico will give him more exposure.