Amazon duplicates its benefits to close the year

After the debacle of Facebook on Thursday, with a fall of its titles of 26% and a nefarious stocking day in general, there was fear in the New Yorker parquet th

Amazon duplicates its benefits to close the year

After the debacle of Facebook on Thursday, with a fall of its titles of 26% and a nefarious stocking day in general, there was fear in the New Yorker parquet that Amazon followed the same path. But the giant of electronic commerce became surprised with thunderous results after the closing bell, almost doubling its benefits in the last quarter of the year, that of Christmas sales, and spurred by profits in one of its great investments, Rivian, The Electric Pick UPS Startup. Its titles ascended by 16% in the After-Hours market.

Despite inflationary pressure and increased labor cost, Amazon managed to generate revenue of 137.412 million dollars in the four quarter of 2021, exceeding 125,525 million 2020. Net profit amounted to 14,300 million, almost the Double with respect to the previous year 7.2 billion. In addition to the direct sale of products, the company based in Seattle improved both in advertising and cloud revenue, one of its main sources of income.

Amazon closes the year with 32% more benefits, of the 33,364 million dollars at 21,331 million of 2020. That despite the wave of cases of the omicron variant that meant a major challenge in terms of distribution during the Christmas season. Andy Jassy, Amazon's CEO, described it as "tremendous effort" in order to serve its clients. "As expected during the holidays, we saw higher costs driven by the shortage of labor and inflationary pressures, and these problems persisted during the first trimester due to ÓMICRON," he said in a statement. "Despite these short-term challenges, we continue to feel optimistic and enthusiastic about the business as we left the pandemic."

The analysts are attributed to the global health crisis, this new quarter of solid profits attribute. Few companies have benefited from both quarantines and enclosures, further increasing their domain position in the digital market, with 41% of all online sales in the United States, according to Insider Intelligence.

With or without pandemic, the company based in Seattle has reasons for optimism. The explosive Exit to Rivian's stock market has been a new capital injection for Amazon, owner of 22.4% of the actions of a company that brushed the 150,000 million dollars of value in the first days of the market.

In addition, their income will grow through the subscribers to their Prime Club. Amazon announced a price rise, which passes from 119 dollars per year to 139, an increase to compensate for the price rise at a general level in the US.

Date Of Update: 06 February 2022, 03:41

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