"Advertising services revenue, which includes sales to sellers, vendors, publishers, authors and others through programs such as sponsored ads, display and video advertising, grew 17% to $21.3 billion. Meanwhile, net sales for its subscription services segment grew 14% to $13.1 billion during the quarter. The segment includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book and other non-Amazon Web Services subscription services."
"Here are the quarter's results: Net income: $21.2 billion, compared to $20 billion a year ago. The figure included a $1.1 billion charge related to resolving a tax dispute in its stores business in Italy, $730 million in estimated severance severance costs and $610 million in asset impairments primarily related to physical stores. Without these charges, operating income would have been $27.4 billion."
"Net sales: $213.4 billion , up 14% year over year, compared to $211.23 billion expected by analyst estimates compiled by Yahoo Finance. Earnings per share: $1.95 per diluted share, compared to $1.96 per share expected by analyst estimates compiled by Yahoo Finance. Last month, Amazon said it would cut 16,000 additional jobs following a previous round of layoffs in October that impacted 14,000 employees. The company recorded $730 million in estimated severance severance costs during the quarter."
Amazon posted fourth-quarter net sales of $213.4 billion, a 14% increase year over year, and operating profit rose to $25 billion from $21.2 billion. Net income was $21.2 billion and included a $1.1 billion tax-dispute charge in Italy, $730 million in estimated severance costs and $610 million in asset impairments; operating income would have been $27.4 billion without those charges. Advertising revenue grew 17% to $21.3 billion, and subscription services net sales rose 14% to $13.1 billion. Earnings per diluted share were $1.95, slightly below expectations. The company announced plans for about $200 billion in capital expenditures for 2026 and additional job cuts.
#amazon-earnings #revenue-growth #layoffs-and-severance #capital-expenditures #advertising-and-subscriptions
Read at TheWrap
Unable to calculate read time
Collection
[
|
...
]