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Amazon triples profits in the corona crisis

2021-05-03T07:37:51.902Z

Online shopping is becoming increasingly popular in the pandemic - this also affects the results of the large mail order companies. Especially at Amazon, the cash register is currently ringing.



Enlarge image

Amazon's logistics center in Rheinberg

Photo: Ralph Lueger / imago images

Comfortably from the couch instead of wearing a mask in the shop - the corona crisis also affects the shopping behavior of many people.

For mail order companies this means: more orders, more sales, more profit.

Of course, this also and especially applies to market leader Amazon.

The company more than tripled its quarterly profit amid the corona crisis.

The profit in the first quarter of the year rose to 8.1 billion dollars (around 6.7 billion euros), as the group announced on Thursday.

In the first three months of 2020, profits were still $ 2.5 billion.

Revenue rose 44 percent year over year to $ 108.5 billion.

This clearly exceeded the expectations of analysts.

Local residents reacted positively: The share price of Amazon rose in after-hours trading by more than five percent.

The online retailer founded by Jeff Bezos continues to benefit from the high number of online orders and the expansion of the home office in the wake of the corona pandemic.

Cloud services and streaming are also becoming increasingly popular

The Group's cloud division, which offers companies or private individuals services such as storage space or software via the Internet, was also able to increase its sales significantly.

It rose to $ 13.5 billion, more than $ 3 billion more than the same quarter last year.

In mid-April, Amazon announced that more than 200 million subscribers worldwide have ordered the paid Prime service.

The streaming service contained therein was used intensively in the Corona year 2020, said Amazon founder Bezos on Thursday.

The service life has increased by more than 70 percent year-on-year.

jok / AFP

Source: spiegel

All business articles on 2021-05-03

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