Amazon Com Stock Price, News & Analysis

Amazon.com, Inc. (AMZN) reported a 15% increase in net sales to $127.1 billion for Q3 2022, driven by a 20% rise in North America segment sales. AWS sales grew by 27% to $20.5 billion, highlighting strong cloud performance. However, operating income fell to $2.5 billion from $4.9 billion year-over-year, with notable losses in North America and International segments. Net income also decreased to $2.9 billion, or $0.28 per share. Operating cash flow declined by 27%.

Despite challenges, initiatives such as new product launches and cost reduction strategies are underway.

Amazon has launched Amazon Neptune Serverless, a new serverless option that automatically scales graph database workloads and saves customers up to 90% in costs compared to peak provisioning. This service is fully managed and ensures high availability, performance, and resilience without upfront commitments. Customers like LexisNexis, Snap, and Wiz have started using this scalable solution, which is currently available in multiple US and global regions. This feature addresses the challenges of unpredictable workloads, enabling companies to operate efficiently without excess costs.

Amazon (NASDAQ:AMZN) is enhancing customer payment options by introducing Venmo as a payment method on Amazon.com and the mobile app, just in time for the holiday season. This new feature aims to provide U.S. customers with a convenient and secure payment choice during checkout, starting with select users today and fully available by Black Friday. Venmo's nearly 90 million users can now shop for holiday gifts using their accounts. The initiative aligns with Amazon's goal to accommodate customer preferences in payment methods.

The CFDA has launched the Innovation Award presented by Amazon Fashion at the 2022 CFDA Fashion Awards, recognizing fashion visionaries leveraging technology in branding and marketing. The inaugural award will be presented to SKIMS on November 7. SKIMS, co-founded by Kim Kardashian, is celebrated for its innovations in shapewear. CFDA CEO Steven Kolb emphasized the importance of visionaries in advancing the fashion industry, while Muge Erdirik Dogan from Amazon Fashion expressed excitement over this new collaboration.

Hawaiian Holdings (NASDAQ: HA) has signed a pivotal agreement with Amazon.com (NASDAQ: AMZN) to operate ten Airbus A330-300 freighters starting in late 2023. Hawaiian will manage these aircraft under its FAA air carrier certificate, enhancing Amazon's cargo capacity across key airports. The deal allows for future fleet expansion based on Amazon's needs. Additionally, Hawaiian issued Amazon warrants for up to 15% of common shares, exercisable over nine years. This partnership is expected to diversify Hawaiian's revenue streams and catalyze business growth.

Amazon has taken significant legal action against fake review brokers, filing its first criminal complaint in Italy and a civil suit in Spain, as well as initiating ten additional lawsuits in the U.S.. These actions target over 11,000 websites involved in orchestrating fake reviews. The criminal case in Italy focuses on a broker offering refunds for posting fake reviews, while the Spanish lawsuit targets Agencia Reviews, which deceives customers via Telegram. Amazon aims to protect customer trust and enhance shopping confidence through these legal measures.

Amazon Web Services (AWS) plans to launch a new Asia Pacific (Bangkok) Region in Thailand, featuring three Availability Zones, as part of over $5 billion investment over 15 years. This expansion aims to facilitate low-latency services for local businesses, governments, and nonprofits, enhancing Thailand's digital transformation. AWS's ongoing commitment includes previous investments such as 10 CloudFront edge locations since 2020. The initiative supports local innovation and economic growth while allowing customers to store data securely within Thailand.

Amazon Music has launched a new weekly livestream concert series, Amazon Music Live, hosted by 2 Chainz, debuting on October 27 after Thursday Night Football on Prime Video. The series will feature live performances from Lil Baby, Megan Thee Stallion, and Kane Brown, with additional artists expected to be announced throughout the season. Each event will be streamed live and available on-demand. This initiative aims to enhance the entertainment experience for sports and music fans alike, further integrating Amazon Music into live events.

Amazon.com (NASDAQ: AMZN) will host a conference call on October 27, 2022, at 2:30 p.m. PT to discuss its third quarter 2022 financial results. The call will be available via live webcast and will include audio and slides accessible for at least three months afterward. Investors can find additional details on Amazon's investor relations page.