Media industry
fromTheWrap
2 days agoAmazon Ad Revenue Rises 24% to $17.2 Billion in Q1
Amazon exceeded Wall Street expectations with $181.5 billion in net sales and a profit of $30.3 billion for the first quarter.
Net Sales -- $141.6 million, up 1.8%, supported by higher average order value and increased units per transaction. Gross Margin -- 52.3%, a 90 basis point improvement, driven by sourcing initiatives and sell-through of higher-cost inventory. Adjusted EPS -- Loss of $0.02, favorable to last year's loss by $0.04, with adjustments for $1.6 million in restructuring and a $2.4 million one-time sales tax contingency. Adjusted EBITDA -- $10.6 million, 7.5% of net sales, an increase of $2 million, or 23.9%.
Albertsons reported $24.9 billion in net sales for the first quarter of fiscal 2025, reflecting a 2.5% increase from last year, driven mainly by growth in its pharmacy and e-commerce sectors.