"Amazon may have a stronger set of competitive advantages than any other company out there, including its "Magnificent Seven" peers. It operates the biggest cloud computing business, Amazon Web Services, with a revenue run rate that is now well above $100 billion. Its e-commerce business has grown to dominate retail across North America and Europe, thanks to complementary businesses like its Marketplace and its Prime membership program, which helps lock in customers and encourages them to spend even more on the platform."
"Revenue in the third quarter increased 13.4% to $180.2 billion, ahead of estimates at $177.76 billion, and better than its growth rate in the quarter a year ago. Growth was balanced with the North America segment up 11% to $106.3 billion; the international segment rose 14% to $40.9 billion, and AWS grew 20% to $33 billion. In fact, CEO Andy Jassy said that AWS is growing at its fastest rate since 2022."
"Its marketplace also strengthens its value propositions as it ensures the company has far more products (SKUs) than any of its competitors. The success and the business model of its e-commerce division have helped it build an advertising business that is now the biggest digital ad platform after Alphabet and Meta Platforms. Investors cheered the company's latest earnings report, sending the stock up 12% after hours."
Amazon operates the largest cloud business, Amazon Web Services, with a revenue run rate above $100 billion. The e-commerce division dominates retail in North America and Europe, supported by Marketplace and Prime membership that increase selection and customer spending. The Marketplace provides more SKUs than competitors and supports a growing advertising business that ranks behind Alphabet and Meta. Third-quarter revenue rose 13.4% to $180.2 billion, with North America up 11%, international up 14%, and AWS up 20% to $33 billion. Adjusted operating income increased across all three segments, with AWS growing at its fastest rate since 2022.
Read at The Motley Fool
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