Capital spending under CEO Andy Jassy will go up “meaningfully,” but record operating margins driven by retail, cloud and advertising will ease the pain.
In the first nine months of 2023, Amazon s sales of second-hand goods in the UK increased by more than 15% on the same period last year. Amazon UK s total revenue in 2022 was 24 billion pounds.
For the three months that ended on Sept. 30, the company said it earned $143.1 billion in revenue, a 13% increase compared to the same period last year. Amazon made $9.9 billion in profits, topping analysts expectations and sending its stocks higher in after-hours trading.