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• Amazon Shines in Earnings 💫 

• Asteroids ☄️

• Trending Tools ⚒️

Amazon Shines in Earnings 💫 

Earnings season is in full swing, and it was Amazon's turn to step into the spotlight. Following the robust performance of tech giants Google and Microsoft, Amazon didn't disappoint, delivering a spectacular show that left investors and analysts more than impressed.

With a remarkable leap in profits and revenues, Amazon stood out, especially with its powerhouse Amazon Web Services (AWS) and a thriving advertising business that seemed to defy the odds.

Here’s all the digits you need to know for AMZN:

1. Total Revenue: $143.1 Billion (+13%)

2. AWS Revenue: $23.1 Billion (+12%)

3. Advertising Revenue: $12.1 Billion (+25%)

4. Net Income: $9.9 Billion (+341%)

While Google's ad business showed a 9% growth and Facebook reported a 23% increase, Amazon's ad revenue growth towered over them, showcasing the e-commerce giant’s growing dominance in the digital advertising space.

However, in the cloud business, Amazon seems to be facing stiff competition, with Microsoft’s Azure platform reporting a 29% growth and Google Cloud expanding by 22%. Despite this, AWS’s substantial contribution to Amazon’s total revenue and profit cannot be ignored.

Looking ahead, Amazon provided guidance for the fourth quarter, projecting sales to be between $160 billion and $167 billion, aiming for a growth of around 9.6% from the previous year.

Investors and market enthusiasts, it’s time to take note: Amazon is not just surviving; it’s thriving, and it's showing no signs of slowing down. Which stock will be your pick in this season of earnings? Amazon has certainly made a compelling case for itself.

☄️ Asteroids ☄️

Elon Musk announced that posts corrected by Community Notes on platform X will lose revenue share to encourage accuracy over sensationalism. With all open-source code and data, any misuse of the system should be clear. 🤖📰

Adobe's $20 billion deal to buy Figma has been in regulatory limbo for over a year now! Meanwhile, Figma's not slowing down, growing their team and launching new features. 🕒💻

Google's introducing Credential Manager on Android, making biometric logins & passkeys even smoother. Forget remembering passwords, it's all about quick, secure sign-ins now! 📱🔐

⚒️ Trending Tools ⚒️

🌐 Coveragely - Visualise your online coverage

🎥 WatchNow AI - Let AI find your next movie in seconds

🌊 Tailwave - Build and launch products even faster

📰 Recommended Reading 📰

1/ Learn how to maximize your credit cards and travel in style. Click here to check it out.

2/ Checkout the latest marketing tools, techniques and news read by teams at Apple, Microsoft and more by clicking here.

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