The e-commerce firm’s growth will be slower in the coming months due to the economic recovery and face-to-face purchases.
Amazon achieved profits of 7.8 billion dollars in the second quarter of 2021, which represented an increase of 48 percent compared to the same period of 2020; however, he warned that its growth will be slower in the coming months due to the economic recovery and face-to-face purchases.
The result was driven by online commerce and the Amazon Web Services division, the company’s cloud computing area, which increased its revenue by 37 percent to $ 14.8 billion.
Despite its solid financial results, its turnover was lower than expected by the markets, reporting 113 billion dollars in the quarter, an annual increase of 27 percent.
“Last year, many consumers stayed home from the COVID-19 pandemic, making comparison difficult this quarter,” said Chief Financial Officer Brian Olsavsky.
Amazon bought the traditional Metro Goldwyn Mayer film studio at the end of May for $ 8.45 billion. Its catalog will allow you to increase the offer of your Prime Video streaming service.
With the above results, the company said it expects sales of between $ 106 billion and $ 112 billion for the current quarter and operating income between $ 2.5 billion and $ 6 billion.