Amazon Earnings after the close (Patreon)

Amazon blew earnings away, like Google, their hosting business grew (unlike Azure from MSFT).

This should help bounce Tech and AI tomorrow

Here is the TLDR

• Amazon stock is up nearly 60% for the year to date.
• Amazon reported second quarter revenue of $134.4 billion, up 11% from a year ago.
• Profits were 65 cents a share, sharply above the Street’s forecast of 35 cents.
• Operating income was $7.7 billion, more than double the $3.3 billion reported in the year ago quarter.
• AWS (Amazon Web Services) sales were $22.1 billion, up 12%.
• Online stores sales were $53 billion, up 4% from a year ago.
• Third-party services revenue was $32.3 billion, up 18%.
• Advertising revenue was $10.7 billion, up 22%.
• Subscription revenue, mostly Amazon Prime, was $9.9 billion, up 14%.

PS I do not own AMZN