Amazon's Q3 2023 Earnings: Revenue Exceeds Expectations, EPS Falls Short

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Amazon's ad revenue for Q3 2023 was $7.9 billion, a 64% increase from the same period last year
Amazon spent $15 billion on shipping in Q3 2023, a 57% increase from the same period last year
Amazon's Q3 2023 EPS was $12.37, lower than the predicted $12.81
Amazon's Q3 2023 revenue was $113.08 billion, surpassing the expected $111.6 billion
AWS reported $14.81 billion in revenue for Q3 2023, a 39% increase year over year

Amazon Inc. reported its third-quarter earnings for 2023, revealing a mixed bag of results. The company's earnings per share (EPS) fell short of Wall Street's expectations, while its revenue exceeded forecasts. Amazon's EPS for the quarter was $12.37, lower than the predicted $12.81. However, the company's revenue for the quarter was $113.08 billion, surpassing the expected $111.6 billion.

The company's shipping costs and speed were also a significant focus in the earnings report. Amazon's shipping costs have been rising, with the company spending $15 billion on shipping in the third quarter, a 57% increase from the same period last year. Despite the increased costs, Amazon has been able to maintain its delivery speed, with 72% of packages delivered in two days or less.

Amazon's cloud computing division, Amazon Web Services (AWS), continues to be a strong revenue driver for the company. AWS reported $14.81 billion in revenue for the quarter, a 39% increase year over year. AWS now accounts for 13% of Amazon's total revenue.

The company's advertising business also showed strong growth, with ad revenue reaching $7.9 billion, a 64% increase from the same period last year. This growth has been attributed to Amazon's continued investment in its advertising platform and the increased use of online shopping during the pandemic.

Confidence

95%

Doubts
  • The exact percentage of Amazon packages delivered in two days or less is not confirmed by all sources

Sources

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Amazon Earnings: What to Expect

Barron's Financial Group Eric J. Thursday, 26 October 2023 13:00
  • Unique Points
    • The article provides a detailed analysis of Amazon's past performance and future expectations.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (70%)
    • Barron's is owned by Dow Jones & Company, a division of News Corp, which has a significant financial interest in the performance of stock markets.
    • Author Conflicts Of Interest (100%)
      None Found At Time Of Publication

    92%

    The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
    (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

    A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

    Amazon reports third-quarter earnings beat, shares jump

    CNBC News Annie Palmer Thursday, 26 October 2023 20:00
    • Unique Points
      • The article provides a breakdown of Amazon's earnings in different sectors.
    • Accuracy
      No Contradictions at Time Of Publication
    • Deception (100%)
      None Found At Time Of Publication
    • Fallacies (100%)
      None Found At Time Of Publication
    • Bias (100%)
      None Found At Time Of Publication
    • Site Conflicts Of Interest (70%)
      • CNBC is owned by NBCUniversal News Group, a division of NBCUniversal, which is in turn owned by Comcast. Comcast could have a financial interest in the performance of various companies, including Amazon, due to its extensive media and technology investments.
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      92%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      Amazon's Third-Quarter Earnings: What You Need to Know

      The Wall Street Journal Sebastian Herrera Thursday, 26 October 2023 19:00
      • Unique Points
        • The article provides a comprehensive overview of Amazon's financial performance.
      • Accuracy
        No Contradictions at Time Of Publication
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (70%)
        • The Wall Street Journal is owned by News Corp, which has a significant financial interest in the performance of stock markets.
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        92%

        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

        Amazon's shipping costs surge as it speeds up delivery

        The Business Journals Marc Stiles Thursday, 26 October 2023 18:00
        • Unique Points
          • The article focuses on the impact of Amazon's shipping costs on its earnings.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (100%)
          None Found At Time Of Publication
        • Site Conflicts Of Interest (70%)
          • The Business Journals is owned by American City Business Journals (ACBJ), which is a division of Advance Publications. Advance Publications has a wide range of media and technology investments, which could potentially create a conflict of interest.
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication