share_log

Amazon's Smashing Q1 Financials Show The Power Of A Good And Well Executed Strategy

Benzinga ·  May 1 09:03

Like Meta Platforms (NASDAQ:META), Snap Inc (NYSE:SNAP) and Google parent Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN) reported better-than-expected quarterly results, with stronger than expected revenue being the result of the improvements on the ad business front.

First Quarter Highlights

In part due to its booming AWS division and its advertising service, Amazon reported revenue grew 12.52% YoY to $143.3 billion, surpassing LSEG's estimate of $142.5 billion. Operating income far outpaced revenue growth as well as it soared more than 200% to $15.3 billion, which is the first sign that Amazon's cost-cutting initiatives and efficiency...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment