Amazon triples net profit to USD 8.1 billion in Q1

Nieuws Breedband Wereld 30 APR 2021
Amazon triples net profit to USD 8.1 billion in Q1

Amazon more than tripled its net profit in the first quarter to USD 8.1 billion from 2.5 billion the year before, and is guiding for an ever higher figure in the second quarter. Sales beat forecasts, going up 44 percent to USD 108.5 billion, including a positive forex impact of USD 2.1 billion. The operating profit soared above guidance, doubling to USD 5.9 billion from 4.0 billion the year earlier.

The company noted it is in a good place. Prime Video, celebrating its 10th anniversary, has over 200 million Prime members worldwide, with 175 million of these streaming films and series last year. AWS has become a USD 54 billion annual sales run rate business, up 32 percent year-on-year.

For Q2, Amazon is guiding for sales at USD 110-116 billion, up 24-30 percent from the year before. The operating profit is expected at USD 4.5-8.0 billion, against 5.8 billion and including USD 1.5 billion worth of costs related to covid-19.

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Internet

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Amazon

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Sales figures, Financial figures

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