Amazon released financial results for the second quarter of 2022, net loss of 210 billion yen, revenue increased by 7% from the previous year, and revenue also increased significantly for AWS, advertising, subscription, etc.
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Amazon has released its financial results for the second quarter of 2022 (April-June). Despite inflation and large net losses, net sales increased 7% year-over-year, while Amazon Web Services (AWS) and advertising services reported overall good results.
AMAZON.COM ANNOUNCES SECOND QUARTER RESULTS (PDF file)
https://s2.q4cdn.com/299287126/files/doc_financials/2022/q2/Q2-2022-Amazon-Earnings-Release.pdf
Amazon's shares rise on earnings beat, despite $ 2B loss – TechCrunch
https://techcrunch.com/2022/07/28/amazons-shares-rise-on-earnings-beat-despite-2b-loss/?guccounter=1
Amazon says sales are picking up following a big Prime Day --The Verge
https://www.theverge.com/2022/7/28/23278058/amazon-q2-2022-earnings-sales-picking-up-prime-day
The following is the content of the financial report. Amazon's net revenue in the second quarter of 2022 was $ 121.2 billion, compared to $ 113.1 billion in the second quarter of 2021 in the same period last year. It is showing an increase of about 7%. While it reported better results than Wall Street's estimate of net sales of $ 119.3 billion, online store sales were actually estimated to be down about 2% on Wall Street, but actually 4.3. It decreased significantly to%. Amazon's sales have been declining quarterly since last year, but Amazon said, 'In the third quarter, which includes Prime Day sales, the year-on-year growth rate will increase from 13% to 17%.' I am announcing.
In terms of net income, a loss of $ 2 billion was reported in the second quarter of 2022, compared to $ 7.7 billion in the second quarter of 2021. Economic analysts are now facing various obstacles for Amazon, including supply chain and worker turmoil, rising wages, inflation, rising fuel costs, the war in Ukraine, and the plunge in the stock prices of its electric cars. Sees the financial report that it is a critical time. Amazon CEO Andy Jassy said in a statement, 'Despite the strong impact of inflation in fuel, energy and transportation costs, we are making progress at more controllable costs than in the previous quarter. We also found that continuing to improve Amazon Prime for our members is accelerating revenue, 'he said positively.
In addition, advertising revenue increased 18% year-on-year to $ 8.7 billion (about 1.16 trillion yen), and sales of Amazon's cloud computing service AWS increased 33% from last year to $ 19.74 billion (about 1.74 billion yen). It is showing great growth, with operating profit increasing 36% to 5.7 billion dollars (about 760 billion yen). In addition, subscription services are also showing a growth trend of 8.7 billion dollars (about 1.16 trillion yen), up 14% from the same period of the previous year, but recorded a 28% increase from the same period of the previous year in the second quarter of 2021. The rate of increase has decreased significantly.
'Inflation is related to distribution and shipping costs, but it doesn't affect customer behavior,' Amazon's chief financial officer Brian Olsavsky said in a comment to the New York Times. Demand is on the rise, especially in June, 'he said, showing that consumers are responding favorably in light of social and economic conditions. .. Orsavsky also said that Amazon's advertising business is on the rise as the advertising industry is hit overall. , It tends to improve performance during a recession. '
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