Core News Facts
Who: Amazon (NASDAQ: AMZN)
What: Amazon’s commerce divisions are generating lower profits and showing slow revenue growth, while its AWS and advertising services are crucial for profit margins.
When: First quarter of 2023.
Where: United States.
Key Numbers: Amazon’s total revenue for Q1 was $143.3 billion, with online stores contributing $57.4 billion and third-party seller services adding $36.5 billion. AWS achieved $29.3 billion in revenue with a 39% operating margin, while advertising grew 18% year-over-year.
