Amazon Earnings Recap

Oct 26, 2023

∙ Paid

First off let’s start with the estimates

Amazon came in today with everything I was looking for. Advertising surprised up over $12B vs $11.6B expected. 3P surprised at $34.3B vs estimates of $33.4B and the 3P mix shift came in at 60% vs estimates of 58%. Everything went right mostly in Q3. The stock just had a big bounce after the conference call ended. Let’s start with the worries.

A couple things of concern

Keep reading with a 7-day free trial

Subscribe to The Running Of The Bulltards to keep reading this post and get 7 days of free access to the full post archives.