[Amazon results] In Q3 2023, Amazon more than tripled net margin on the back of a savings plan and a return to fundamentals

Featured image of the article [Amazon results] In Q3 2023, Amazon more than tripled net margin on the back of a savings plan and a return to fundamentals

An article by Sophie Baqué

Publication

30 October 2023 à 21h48

Updated on 10 November 2023 à 11h16

Reading time

6 minutes

Publication: 30 October 2023 à 21h48, Updated on 10 November 2023 à 11h16

Reading time: 6 minutes

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After a post-Covid-19 pandemic slowdown, Amazon's net margin more than tripled in Q3 2023. Over the 9 months of the year, growth was driven by the digital marketplace, AWS and advertising - three divisions accounting for 73% of revenue gains. With US$6 billion in additional sales in 9 months, advertising has overtaken e-commerce and is now hot on the heels of AWS in terms of growth contribution.

An article by Sophie Baqué

Publication

30 October 2023 à 21h48

Updated on 10 November 2023 à 11h16

Reading time

6 minutes

Publication: 30 October 2023 à 21h48, Updated on 10 November 2023 à 11h16

Reading time: 6 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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While Amazon is being sued by the Federal Trade Commission (FTC) and 17 state prosecutors for accusations of monopolistic behavior, the group published Q3 results on October 26th, 2023. Quarterly sales totaled US$143.1 billion, up by 13% overall. Three business units in particular drove growth: online sales (1P and 3P), AWS and advertising. Revenue from advertising, which includes sponsored products, display and video advertising, jumped by 23% year-on-year, those from the digital...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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