Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.
Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.
Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.
In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.
The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.
The latest ReFrame Report reveals that 29 of the 100 most popular films in 2022 met the ReFrame Stamp criteria for gender-balanced production. Despite a 125% increase in hiring levels for women between 2017-2019, progress has stagnated since, with no increase in women directors or writers since 2021. Notably, only 14% of directors were women, and just 2% of directors were women of color in 2022. The report highlights that production budgets significantly influenced the success rate of receiving the Stamp, with 42% of films in the $15-25 million range qualifying. Major studios continue to show varying levels of commitment to equitable hiring, with Sony leading at 50% success rate.
Jonathan Majors, known for his roles in Ant-Man and the Wasp: Quantumania and Creed III, has received the IMDb “Fan Favorite” STARmeter Award based on data from over 200 million monthly IMDb visitors. This recognition aligns with IMDb's celebration of Black History Month, which features exclusive content showcasing Black talent. Majors' recent performance in Ant-Man and the Wasp: Quantumania has elevated him to the #13 spot on the STARmeter chart. IMDb's COO, Nikki Santoro, acknowledged Majors' impactful performances and the site’s commitment to honoring diverse talent. The STARmeter Awards spotlight notable actors, and previous winners include high-profile figures such as Jennifer Connelly and Denzel Washington.
Amazon (NASDAQ: AMZN) has completed its acquisition of One Medical (NASDAQ: ONEM), aimed at enhancing healthcare access and experiences. With this partnership, One Medical offers new U.S. customers a discounted membership for $144 for the first year, down from $199. The One Medical model provides 24/7 virtual care, on-site labs, and personalized health services. Amazon's commitment is to improve healthcare delivery by leveraging One Medical's technology and human-centered approach. This integration aims to simplify patient experiences and expand healthcare accessibility for more individuals across the U.S.
Amazon Games has partnered with NCSOFT to publish the highly anticipated massively multiplayer online game THRONE AND LIBERTY across North America, South America, Europe, and Japan. The game will be available on PC, PlayStation 5, and Xbox Series X|S, featuring cross-platform play. Christoph Hartmann, VP of Amazon Games, highlighted the company’s commitment to delivering high-quality, live-service games. THRONE AND LIBERTY is set to offer dynamic gameplay with environmental shifts affecting combat scenarios, building upon Amazon’s momentum following successful titles like New World and Lost Ark.
Zappos.com has announced a partnership with the Savannah Bananas, becoming the official title and exclusive footwear partner for the 2023 Banana Ball World Tour, which starts on February 17, 2023. This collaboration marks Zappos' first venture into a sports partnership, aiming to merge fashion and sports culture. Fans can anticipate exciting game experiences and Zappos' favorite footwear brands, including Brooks, for the Bananas Dance Squad. The tour runs until September 26, 2023, with pop-up activations expected in select cities. Both brands emphasize customer engagement and fun in this innovative partnership.
S&P Global (NYSE: SPGI) and Amazon Web Services (AWS, NASDAQ: AMZN) have entered a multi-year strategic collaboration to enhance cloud infrastructure and accelerate growth. The partnership aims to extend advanced, secure cloud services to over 100,000 customers across 43 countries. By 2025, S&P Global plans to migrate its Capital IQ and core data platforms to AWS, enhancing data availability and efficiency. This collaboration will leverage AWS's technology to develop new capabilities in analytics and insights, addressing challenges in various sectors, including climate and sustainability.
S&P Global and Amazon Web Services (AWS) have announced a new multi-year strategic collaboration to enhance cloud infrastructure and accelerate business growth. Under this agreement, AWS will be S&P Global's preferred cloud provider, facilitating improved service delivery for over 100,000 customers across 43 countries. S&P Global plans to migrate its Capital IQ and core data platforms to AWS by 2025. This collaboration aims to leverage advanced analytics, artificial intelligence, and machine learning to deliver insights and risk assessments, improving operational efficiency and enabling customers to innovate and navigate market uncertainties.
Amazon.com, Inc. (AMZN) reported Q4 2022 net sales of $149.2 billion, a 9% year-over-year increase. North America sales grew by 13% to $93.4 billion, while AWS segment sales rose 20% to $21.4 billion. However, operating income dropped to $2.7 billion, impacted by $2.7 billion in charges, leading to a net income of only $0.3 billion or $0.03 per share, down from $14.3 billion or $1.39 per share in Q4 2021. For FY 2022, net sales reached $514.0 billion, but the company faced a net loss of $2.7 billion, significantly down from a $33.4 billion profit in 2021. AWS sales growth remained strong, indicating a focus on cloud services amidst broader operational challenges.
Amazon has expanded its renewable energy capacity by 8.3 GW in 2022, totaling over 20 GW across 401 projects in 22 countries. This equates to enough energy to power 5.3 million homes in the U.S. The company's goal to achieve 100% renewable energy by 2025 is now five years ahead of schedule. Amazon remains the largest corporate buyer of renewable energy, adding 133 new projects last year. Key projects include investments in offshore wind and hybrid solar systems, particularly in regions like India and Europe. The emphasis on innovative deal structures and technologies underlines Amazon's commitment to combat climate change and enhance sustainability.
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