Amazon starts 2021 with a new sales record
Prime Day brought forward to June this year. Amazon still grows in the ecommerce and web services sectors, exceeding market expectations
Jeff Bezos, founder of Amazon After the record year, a 2020 closed with 386.1 billion dollars in turnover, Amazon does not stop: the e-commerce giant generated revenues of 108.5 billion dollars in the first quarter of 2021, exceeding market forecasts (104.4 billion dollars). This was announced by the company, which distributes earnings per share of $ 15.79, well beyond expectations which were aiming for $ 9.54. In the same period last year, total net sales were $ 75.5 billion, already up 26% from the previous year.Second quarter orientation expresses further confidence : $ 110-116 billion, defying Wall Street projections of $ 108.6 billion, with operating income of $ 4.5-8 billion. All this, despite some observers believe that the economy could normalize as the pandemic is contained in various parts of the world. In the next three months, the contribution of Prime Day will also be tested, which the company will bring forward in June. Normally the appointment with the two days of discounts and bargains was held in July, last year in October for reasons of opportunity due to the pandemic, but this year Amazon will avoid launching the initiative in a month considered to be a holiday in many countries. .
Outside the retail segment, the services of the web services segment (15 years in 2021) continue to grow: + 32% year on year, equal to 13.5 billion dollars. From this area will come the new CEO, Andy Jassy, who in the third quarter will replace Jeff Bezos, the founder of Amazon who will assume the position of executive president. The pandemic has created the context for an acceleration of the Prime video service as well: 50 million more users than last year, with 200 million subscribers in total. Streaming hours have increased by over 70% in 2021.
The data of the advertisements, included in the item “Other”, has not been disclosed, which earns + 77% year on year. The only drawback: the revenues of physical stores. Whole Foods market and Amazon Books, lost 16%, total revenue of 3.9 billion in the first quarter. Almost a litmus test.
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Topics
Amazon Amazon Prime Day Amazon Prime Video Cloud computing Digital business Ecommerce Finance Jeff Bezos globalData.fldTopic = "Amazon, Amazon Prime Day, Amazon Prime Video, Cloud computing, Digital business, Ecommerce, Finance, Jeff Bezos"
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