Amazon today announced its financial report for the third quarter of 2023. Amazon recorded revenue of US$143.1 billion in the quarter, an increase of 13% over the same period last year, and net income of US$9.9 billion (Currently about RMB 72.468 billion), an increase of 244%.
▲Image source Amazon
Amazon’s advertising services had good momentum this quarter, with related revenue increasing by 26%, while Amazon’s subscription service revenue increased by 14%, and AWS cloud services increased by 12%:
- Online store revenue was US$57.3 billion (currently approximately RMB 419.436 billion), an increase of 7%
- Revenue from third-party sales services was US$34.3 billion (currently approximately RMB 251.076 billion), an increase of 20%.
- Subscription service revenue was US$10.2 billion (currently approximately RMB 74.664 billion), an increase of 14%.
- Advertising services revenue was US$12.1 billion (currently approximately RMB 88.572 billion), an increase of 26%.
- AWS cloud services revenue was US$23.1 billion (currently approximately RMB 169.092 billion), an increase of 12%.
From an operating profit perspective, in the third quarter of this year, Amazon’s North American retail business achieved revenue of US$87.9 billion (currently approximately RMB 643.428 billion) and operating profit of US$4.3 billion (currently approximately RMB 31.476 billion), of which:
- International retail revenue was US$32.1 billion (currently approximately RMB 234.972 billion), with a loss of US$95 million (currently approximately RMB 695 million)
- AWS cloud service revenue was US$23.1 billion (currently approximately RMB 169.092 billion), and operating profit was US$7 billion (currently approximately RMB 51.24 billion)
The strong performance of advertising services has also allowed Amazon to continue to promote related investments. Amazon is testing an “AI-generated advertising” tool for sellers and providing advertising word generation services.
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