Daily Trends Now
Daily Trends Now

Amazon pledges to continue to increase video budget

Amazon pledges to continue to increase video budget

Fourth-quarter profits - which included earnings from Whole Foods Market - rose to $1.9 billion, or $3.75 per share, up from $749 million, or $1.54 per share, a year earlier.

That figure includes a $789m, or $1.59 per share, penalty as a result of the US Tax Cuts and Jobs Act of 2017: the biz has a lot of dosh offshore, and this law allows it to bring that money back to America with a reduced levy on the overseas profit.

Aside from growth in their sales, Amazon is also expected to make several more announcements regarding its services during the earnings release.

This rise in cloud revenue was bolstered by the likes of Symantec selecting AWS to be its infrastructure provider, along with other major firms such as games publisher Ubisoft, connected products manufacturer Honeywell, National Football League (NFL), and financial services heavy-hitter Capital One. The company has forecasted revenue between $47.75 billion and $50.75 billion for 1 quarter of 2018. "We don't see positive surprises of this magnitude very often - expect us to double down", said Jeff Bezos, Amazon founder and CEO. The stock has gained 67% for the one-year period, through Thursday, far outpacing the S&P 500's 26.3% return.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. However, operating profit was down 2 per cent to $4.1 billion as Amazon continues to invest.

So if Amazon is renewing its push with Alexa, you can expect more devices powered by the voice assistant, more Alexa skills and features, and likely more Alexa-compatible home appliances.

According to CNBC, AWS is the fastest growing and most profitable Amazon business.

Amazon reports record profits
AWS sees huge jump as Amazon posts highest-ever profits

Full-year net income rose to $3bn, or $6.15 per share, compared with $.4bn, or $4.90 a share, in 2016. (AMZN) earnings results. "We've reached an important point where other companies and developers are accelerating adoption of Alexa".

A the last MediaPost Search Insider Summit in Deer Valley, Utah, marketers said brands use Amazon Marketing Services (AMS) as a branding channel with the ability for brands to process the payment through Amazon so they can build loyalty and relationships with consumers.

Net income was $1.9 billion for the quarter.

Online sales increased 20 percent to $35.4 billion, slower than third-quarter growth of 22 percent.

More than five billion items shipped with Prime Worldwide, the company said. But even without the benefit, the profit number would have been the largest in the company's history.

Despite a 2.1% growth in daily users (now at 1.4 billion globally), Facebook beat expectations with revenue growth, reaching $12.97 billion, with advertising accounting for 98% of the revenue.


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