(AOF) – Amazon, whose stock jumped 4% in pre-market trading, tripled its net profit for the third quarter, to nearly $9.9 billion. Turnover also came out above forecasts, growing 13% to $143 billion. The operating profit of the technology firm, for its part, increased fourfold, reaching $11.2 billion versus a consensus of $7.7 billion.
Its “cloud” service AWS generated $23 billion in revenue in the third quarter, an improvement of 12%, an activity in which it is the world leader.
Amazon Chief Executive Officer Andy Jassy said in a statement that “AWS’ growth has continued to stabilize.”
The Seattle firm also highlighted the success of its “Prime Day”, a summer day of promotions, and that of another operation organized this month, ahead of the end-of-year holidays.
In the fourth quarter, Amazon expects quarterly revenue between $160 billion and $167 billion, the midpoint of which is nevertheless below the consensus of $166.6 billion.
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Sector sheet – Internet
An increasingly competitive online search for Google
Google has dominated online search for more than two decades. It earns more than half of its revenue from advertising on its search engine. The second player, Bing, owned by Microsoft, remains far behind, with less than 9% of the global market. However, Bing benefits from a huge advantage: Microsoft’s results do not depend closely on the performance of its search engine, but rather on its sales of software and services to businesses with its Azure branch. The group can therefore be more agile and take risks. Other serious competitors are gaining strength. Amazon’s search engine for finding products shows a jump in advertising revenue. Likewise, the TikTok application is increasingly used by young people to search for information.