Amazon Q3 Revenue Grows 12% · E-commerce Growth Slows
AMZN Amazon.com Inc
$259.30 -0.35%
View chart & analysis → - 1Amazon recorded a 12% year-over-year increase in revenue for the third quarter.
- 2AWS revenue achieved a nearly 40% year-over-year growth rate in Q3, reaching $46 billion for the year.
- 3Amazon's online store revenue increased by 2% year-over-year, indicating a slowdown in growth.
So what's the key point?
Amazon's revenue grew by 12%, but the growth rate of its online shopping division has slowed down. Growth was driven by its cloud service, AWS, which saw revenue rise by nearly 40%.
Source The Motley Fool +1 · View original ↗
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