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Amazon reports Q2 revenue of $88.91B, up 40% YoY, net income of $5.2B, up from $2.5B in Q1 2019, and AWS revenue of $10.81B, up 29%; stock up 4%+

SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.

Amazon.com

Discussion

  • Vox Jason Del Rey on x
    Amazon just posted record sales and profit in the middle of a pandemic
  • @shiraovide Shira Ovide on x
    Just for the LOLZ: Amazon's cumulative annual net income from 1994 to 2016 was $4.9 billion — less than the net profit in the June Q, according to Capital IQ. (Amazon lost money in some of these years, which I subtracted from the sum.)
  • @lorakolodny Lora Kolodny on x
    From investor update: “Amazon announced new or expanded Alexa integrations with global automotive brands including General Motors, Volkswagen, Toyota, and Lexus.” https://www.businesswire.com/ ... https://twitter.com/...
  • @mylesudland Myles Udland on x
    Amazon third-party seller growth is the company's crown jewel right now https://www.businesswire.com/ ... https://twitter.com/...
  • @oviosu Tayo Oviosu on x
    .@RBReich $88b represents service & convenience to millions globally. It also represents jobs & income for small merchants globally. It is there because @JeffBezos took a risk. Stop hating on his success, which is definitely creating economic empowerment for others!! https://twit…
  • @trengriffin Tren Griffin on x
    Count the number of times you see the word “cash” in this Amazon earnings release. That's what the 1997 letter said they would focus on: https://www.businesswire.com/ ...
  • @ldignan Larry Dignan on x
    These $AMZN results just kinda make you go wow. Holy operating leverage. Amazon's Q2: $4 billion spent on COVID-19 and still nets $5.2 billion https://www.zdnet.com/... via @ZDNet & @ldignan
  • @epro Emil Protalinski on x
    $AMZN employees (excluding contractors and temps) - Q1 2018: 563,100 - Q2 2018: 575,700 - Q3 2018: 613,300 - Q4 2018: 647,500 - Q1 2019: 630,600 - Q2 2019: 653,300 - Q3 2019: 750,000 - Q4 2019: 798,000 - Q1 2020: 840,400 - Q2 2020: 876,800 https://venturebeat.com/...
  • @profgalloway Scott Galloway on x
    Mega winner: Amazon, for convincing investors not to expect profits for years & instead invest in best fulfillment network in the world, which becomes crucial during a pandemic Booster: pandemic lockdown of nonessential stores
  • @chriskeall Chris Keall on x
    Fwark. Amazon revenue up 40%. You-know-who is going to see their networth increase another few tens of billions when the Nas reopnes tomorrow https://twitter.com/...
  • @jamespmcleod @jamespmcleod on x
    Eighty-eight billion in three months. https://twitter.com/...
  • @kateconger Kate Conger on x
    wild to see this after watching so many other businesses close during the pandemic https://twitter.com/...
  • @mattmday Matt Day on x
    Yoooowza. Amazon's unit growth - the old fashioned, how much stuff did you sell on the website, metric - surged 57% in 2Q. Less than two years ago that figure was sliding toward single digits. Covid-19 has people buying a lot of stuff online.
  • @epro Emil Protalinski on x
    $AMZN Q2 2020: - AWS up 29% - Subscriptions up 29% - ‘Other’ up 41% - North American sales up 43% - International sales up 38% - $2.0 billion of costs related to COVID-19 for Q3 2020 https://venturebeat.com/...
  • @tomwarren Tom Warren on x
    Amazon earnings are out and Amazon has literally DOUBLED its profits from $2.6 billion in Q2 2019 to $5.2 billion in Q2 2020 😲
  • @natjarv Natalie Jarvey on x
    In its earnings report, Amazon says that the number of first-time Prime Video viewers nearly doubled and video rentals were up as more people stayed at home during the pandemic
  • @daveleeft Dave Lee on x
    Bezos three months ago: Just a heads up, Covid might mean a $1.5bn loss in Q2 Bezos today: Forget I said anything, we made $5.2bn.
  • @shiraovide Shira Ovide on x
    I genuinely did that “rubs eyes to make sure what I see isn't a mirage” at Amazon's 40% revenue growth.
  • @rogerwcheng Roger Cheng on x
    Amazon the “underdog.” The company's posted Q2 profits that doubled to $5.2 billion and sales that rose 40% to $88.9 billion. $AMZN
  • @ericjackson Eric Jackson on x
    *AMAZON: INCREASED GROCERY DELIVERY CAPACITY BY OVER 160%
  • @cloud_opinion @cloud_opinion on x
    According to quarterly earnings, AWS continues to crush wannabe cloud providers.
  • @timbray Tim Bray on x
    In internal discussions I said “With Covid, more and more of life moves online, that's good for us. But a few big customers are gonna hit the wall. That's bad for us.” https://www.cnbc.com/... A biz that grows “only” 29% in these crazy times is still a pretty good place to be.