E-commerce conglomerate Amazon this Thursday reported year-on-year third-quarter sales growth of 13% to US$143 billion and profits of 241% to US$9.9 billion.
Chief Executive Officer (CEO) Andy Jassy, in a press release, attributed the strong third-quarter results to “increased costs and delivery speeds, robust advertising growth and fundraising.”
In particular, he cited “the benefits of moving from a single U.S. delivery network to eight different regions,” which he said “exceeds optimistic expectations and, perhaps more importantly, puts Amazon on track to deliver to Prime customers at a lower cost.” price.” speed never seen before” in its 19-year history.
From January to the end of September, Amazon accumulated a profit of $19.8 billion, which compares with a loss of three billion year-on-year.
Author: Lusa
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.