New York (USA), 30 Oct. (LaPresse) – Amazon has issued cautious sales forecasts for the current fourth quarter, which includes the crucial Christmas shopping period, after posting third-quarter results that fell short of Wall Street analysts’ expectations. Specifically, the Seattle-based e-commerce giant reported a net profit of $20.69 billion, equivalent to $1.89 per share. In the same period last year, profit stood at $21.19 billion, or $1.95 per share. Revenue rose by 12 per cent to $201.94 billion, compared with $180.17 billion in the same period the previous year. Amazon explained that sales were affected by the change in the timing of ‘Prime Day’ – the company’s major promotional event – which this year, in most major markets, fell in the second quarter. In 2025, however, ‘Prime Day’ took place entirely during the third financial quarter. The US e-commerce giant nevertheless recorded solid sales growth in its key cloud computing division. Revenue from Amazon Web Services – as the division is known – rose by 39.3 per cent in the latest quarter, which ended on 30 September, exceeding the 37 per cent increase recorded in the previous quarter. This is the fastest growth rate in around the last five years, the company announced.
Amazon: third-quarter results below expectations, revenue up 12% to 201.9 billion
New York (USA), 30 Oct. (LaPresse) – Amazon has issued cautious sales forecasts for the current fourth quarter, which includes the crucial Christmas shopping period, after posting third-quarter results that fell short of Wall Street analysts’ expectations. Specifically, the Seattle-based e-commerce giant reported a net profit of $20.69 billion, equivalent to $1.89 per share. In the same period last year, profit stood at $21.19 billion, or $1.95 per share. Revenue rose by 12 per cent to $201.94 billion, compared with $180.17 billion in the same period the previous year. Amazon explained that sales were affected by the change in the timing of ‘Prime Day’ – the company’s major promotional event – which this year, in most major markets, fell in the second quarter. In 2025, however, ‘Prime Day’ took place entirely during the third financial quarter. The US e-commerce giant nevertheless recorded solid sales growth in its key cloud computing division. Revenue from Amazon Web Services – as the division is known – rose by 39.3 per cent in the latest quarter, which ended on 30 September, exceeding the 37 per cent increase recorded in the previous quarter. This is the fastest growth rate in around the last five years, the company announced.