Amazon reported net sales are up 40%, on the guidance of 18% to 28%. Net income is up 100% from $2.6B to $5.2B. This is despite an increase in various expenses related to COVID. The online grocery category grew by 300%. For the first time, the international segment showed an operating profit.
In this blog post, we will discuss the two data points of note for advertisers related to the Amazon Q1 2020 earnings report. In this context, we looked for data points that could shed some light on what to expect going forward.
We are proud to announce that Intentwise has been named an Amazon Advertising partner. Intentwise earned this recognition by meeting Amazon’s criteria of consistently demonstrating a high level of engagement and proficiency with the Amazon Advertising platform over the past few years.
“We were able to double our sales […and] create great brand awareness selling internationally on Amazon… without that platform we would probably never even have tried international sales… They made it very easy – they give you the information, they give you all the tools.”
Swing by our booth. Meet our team and check out our latest innovations that will help you accelerate your Amazon advertising growth.
Amazon may be expanding into online banking. The Wall Street Journal reported Monday that the e-commerce giant is in early talks with financial institutions to build a “checking-account-like” product for its customers.