{"id":21869,"date":"2020-08-09T22:40:22","date_gmt":"2020-08-09T22:40:22","guid":{"rendered":"https:\/\/intentwise.com\/blog\/?p=21869"},"modified":"2023-08-24T02:55:10","modified_gmt":"2023-08-24T10:55:10","slug":"amazon-q2-2020-earnings-highlights","status":"publish","type":"post","link":"https:\/\/www.intentwise.com\/blog\/retail-media\/amazon-q2-2020-earnings-highlights\/","title":{"rendered":"Amazon Q2, 2020 Earnings – Highlights","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Amazon <\/span>reported earnings<\/span><\/a> for Q2 2020 on July 30th. To no one\u2019s surprise, Amazon has had a big quarter. Here are a few key highlights:<\/span><\/p>\n

Amazon Q2 Earnings: Net Sales Up 40%, Net income up 100%\u00a0<\/b><\/h3>\n

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.\u00a0 The online grocery category grew by 300%.<\/span><\/p>\n

For the first time, the international segment showed an operating profit.\u00a0<\/span><\/p>\n

\"International<\/p>\n

<\/h3>\n

Advertising revenue grew by 41% in Q2<\/b><\/h3>\n

Advertising revenue continues to grow and is up 41%. Note that ad revenue only grew by 8% over Q1 2020, while retail sales grew by 25%. This could be in part because of restrictions on non-essential categories imposed in March and April.\u00a0<\/span><\/p>\n

\"Advertising<\/p>\n

Note: Advertising revenue is reported under the \u201cOther\u201d line item in the quarterly filings. \u201cOther\u201d includes sales of advertising services, as well as sales related to our other service offerings.\u00a0<\/span><\/i><\/p>\n

\"Q2<\/p>\n

Online Stores, 3P Services the primary growth driver<\/b><\/h3>\n

\"Growth<\/p>\n

While AWS and advertising growth rates in Q2 were largely in line with Q1, Online stores, and 3P Seller Services have shown a dramatic increase and topped the list. AWS and advertising had been leading the pack so far.<\/span><\/p>\n

Q3 Guidance: 28% to 34% growth<\/b><\/h3>\n

Q3- 2020 sales growth guidance is between 28% and 34%. Increases in COVID cases and retail bankruptcies will continue to fuel this growth. Below is a summary of guidance and actuals for the past few quarters.<\/span><\/p>\n

\"Guidance<\/p>\n

Looking ahead, we should expect another huge quarter in Q3 based on this guidance. Amazon has expanded work-force and capacity significantly to handle this growth. This should help address the fulfillment and sourcing challenges they faced in Q2.<\/span><\/p>\n

While the Amazon story is positive, as we all know, the macroeconomic story is not. We are faced with a contracting GDP and record unemployment rates. While stimulus packages can provide short-term relief, we collectively have to tame this virus or find a vaccine to get back to normal. At Intentwise, we sincerely hope that we make real progress on both these fronts in the coming days.<\/span><\/p>\n

For reference, here are highlights of the prior quarter: Amazon Q1 2020 Earnings<\/a><\/p>\n

Want more? We also recapped Amazon’s Q3 2020 earnings here<\/a>.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

Amazon reported earnings for Q2 2020 on July 30th. To no one\u2019s surprise, Amazon has had a big quarter. Here are a few key highlights: Amazon Q2 Earnings: Net Sales Up 40%, Net income up 100%\u00a0 Amazon reported net sales are up 40%, on the guidance of 18% to 28%. Net income is up 100% […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":6,"featured_media":25576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","cybocfi_hide_featured_image":"yes","footnotes":""},"categories":[82],"tags":[41,54],"class_list":["post-21869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retail-media","tag-amazon","tag-featuredhero"],"yoast_head":"\nAmazon Q2, 2020 Earnings - Highlights<\/title>\n<meta name=\"description\" content=\"Amazon reported earnings: net sales are up 40%, on the guidance of 18% to 28%. 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