Home Business Amazon will make a profit of more than 27 billion euros in...

Amazon will make a profit of more than 27 billion euros in 2023

Ecommerce News Magazine

Amazon has achieved one Net income of $30.4 billion (around 27,927 million euros) in 2023, a recovery after the poor previous year in which The investment in Rivian caused net losses of $2,700 million (€2,480.9 million).. This translates to EPS of 2.90 per share with a loss of $0.27 per share, according to reports published by the Andy Jassy-led company.

Amazon explained this The gain includes a pre-tax valuation gain of $8 billion (7,353.3 million euros) included in non-operating income (expenses) from the investment in ordinary shares Rivian Automotivecompared to a pre-tax valuation loss of $12.7 billion (€11,674.3 million) for the investment in 2022.

Revenues increased by 12%, reaching $574,800 million (€528,160.5 million) in 2023, compared to $514,000 million (€472,307.5 million) in 2022. The Sales in the North American segment grew by 12% to $352,800 million (€324,307.7 million) and the international segment increased by 11% year-on-year to $131,200 million (€120,604 million).

In all of 2023, sales of the Amazon Web Services (AWS) segment.) grew by 13% to 90,800 million dollars (83,468.7 million euros). He Operating cash flow was 84,900 million dollars (78,045 million euros) for the last twelve months, 82% more compared to the 46,800 million dollars (43,021.3 million euros) for the last twelve months ended December 31, 2022.

A “robust” 4T

Amazon too has seen its profits skyrocket in the fourth quarter of 2023. Specifically, the company received one between October and December Net income of $10.6 billion (9,744.7 million euros) compared to 300 million dollars (275.3 million euros) in the same period of 2022. In this case, the company has detailed that the profit for the fourth quarter of 2023 has a pre-tax loss valuation of 1 billion US dollars -Dollar includes (€919.3 million) included in non-operating income (expenses) from investments in common shares Rivian Automotivecompared to a pre-tax valuation loss of $2.3 billion (€2,114.5 million) for the investment in the fourth quarter of 2022.

While income have increased by 14%up to 170,000 million dollars (156,291.9 million euros) in the fourth quarter, compared to 149,200 million dollars (137,166 million euros) in the same period of 2022. Excluding positive impact of $1.3 billion (1,195 million euros) of year-on-year exchange rate changes during the quarter, net sales increased by 13% compared to the fourth quarter of 2022.

It is between October and December Sales in the North American segment grew by 13% year-on-year to $105,500 million (€96,990.7 million), while the international segment increased by 17% to 40,200 million dollars (36,961.5 million euros), or 13% more excluding changes in exchange rates. The AWS revenue has reached $24.2 billion (22,250.4 million euros), 13% more than in the same period of 2022.

Furthermore, the Fourth quarter operating profit has risen to 13,200 million dollars (12,136.6 million euros), compared to 2,700 million dollars (2,482.2 million euros) in the fourth quarter of 2022. On their side are the Advertising income totaled $14,700 million (€13,515.8 million), improving analyst consensus forecasts.

«This fourth quarter was a Record-breaking holiday shopping season and capped off a robust 2023 for Amazon‘ he explained CEO Andy Jassy. «While we have made significant progress in revenue, operating income and free cash flow, we are most excited about the continued innovation and customer experience improvements across our businesses. Regionalizing our US fulfillment network resulted in our fastest delivery speeds for Prime members while reducing our service costs“, added Jassyemphasizing that “AWS’ continued long-term focus on customers and feature delivery, as well as new genAI features such as Bedrock, Q and Trainium, have resonated with customers and are beginning to be reflected in our overall results. Our advertising services continue to improve and produce positive results«.

«Our newest businesses are doing very well and together with our more established companies, together they make our customers’ lives easier and better every day. As we enter 2024, our teams are delivering rapid results and we still have a lot to be excited about“, Has underlined.

Predictions for Q1 2024

Amazon hopes so Net sales are between 138,000 million (126,883 million euros) And 143,500 million dollars (131,924 million euros) for the first quarter of 2024 or that they will grow between 8% and 13% compared to the first quarter of the previous year. According to the company, this forecast assumes a positive impact of exchange rates of approximately 40 basis points.

Amazon hopes so too The operating profit is between 8,000 million dollars (7,354 million euros) and 12,000 million dollars (11,031 million euros)compared to 4,800 million dollars (4,412 million euros) the first quarter of 2023.

No Comments

Leave A Reply

Please enter your comment!
Please enter your name here

Exit mobile version