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.
Amazon (NASDAQ: AMZN) announced that its new series, The Lord of the Rings: The Rings of Power, attracted over 25 million global viewers on its first day, setting a record for Prime Video. The series launched in more than 240 countries and territories and will continue releasing episodes weekly until the season finale on October 14. Jennifer Salke, head of Amazon Studios, expressed gratitude to the creative team and fans, noting the series' significance in the fantasy genre.
VMware and Amazon Web Services (AWS) showcased innovations in VMware Cloud on AWS at VMware Explore 2022, emphasizing faster cloud migrations and cost reductions. New features claim to improve cloud performance, flexibility, and security with significant savings opportunities—46% faster migrations and 57% lower total cost of ownership. Customers like Lotte and Quality Bicycle Products have benefited from expedited transitions and enhanced operations. The service is now available in 21 regions globally, including AWS GovCloud. VMware aims to streamline cloud consumption through the AWS Marketplace.
Amazon has signed an agreement with Plug Power to supply 10,950 tons of green hydrogen annually for its operations starting in 2025. This green hydrogen will power 30,000 forklifts and 800 heavy-duty trucks as part of Amazon's commitment to achieve net-zero carbon by 2040. As a leader in renewable energy procurement, Amazon aims to decarbonize sectors reliant on fossil fuels and expand the hydrogen economy. The company plans to increase its use of hydrogen fuel-cells and has invested in developing electrolyzer technology to boost green hydrogen production.
iRobot Corp. (NASDAQ: IRBT) reported a revenue decline to $255.4 million in Q2 2022, down from $365.6 million in Q2 2021, primarily due to unexpected order reductions and cancellations from retailers. The company posted a GAAP operating loss of $63.9 million and a GAAP net loss per share of $1.60. In a separate announcement, iRobot confirmed its acquisition by Amazon.com, Inc. (NASDAQ: AMZN) for $61.00 per share, valuing the deal at approximately $1.7 billion. iRobot plans restructuring actions expected to yield $5 million to $10 million in savings for 2022.
Amazon (NASDAQ:AMZN) has announced a definitive merger agreement to acquire iRobot (NASDAQ:IRBT) for $61 per share, totaling approximately $1.7 billion, including net debt. The acquisition is pending shareholder and regulatory approval, with iRobot's CEO Colin Angle remaining post-acquisition. This merger aims to enhance Amazon's product offerings in smart home innovations, capitalizing on iRobot's expertise in robotic cleaning solutions that have gained customer loyalty since the launch of Roomba in 2002.
Amazon announced a definitive merger agreement to acquire iRobot for $61 per share, valuing the deal at approximately $1.7 billion. iRobot, known for its innovative cleaning products like the Roomba, aims to enhance customer experiences through this partnership. Both companies emphasize their shared commitment to innovation and customer satisfaction. The transaction awaits approval from iRobot's shareholders and regulatory clearance. Colin Angle will continue as CEO post-acquisition.
Veritone has announced an extension of its collaboration with Amazon and AWS to enhance services for Media & Entertainment clients. The partnership aims to transform how content creators manage and monetize assets using aiWARE, Veritone's AI platform, combined with AWS capabilities. This extension reaffirms Veritone’s commitment to modernizing content production. With services like Digital Media Hub, M&E brands can streamline data management and uncover valuable content while capitalizing on new revenue opportunities.
Amazon is enhancing its Career Choice program through partnerships with Beyond 12 and Kaplan, offering employees free career coaching, college advising, and specialized services. The Career Choice program, which currently assists over 750,000 hourly employees with pre-paid college tuition, is now set to include virtual one-on-one coaching aimed at improving academic outcomes. The move aligns with findings that access to higher education improves income potential, with a focus on supporting under-resourced students. Amazon aims to help employees navigate educational pathways effectively.
Amazon.com, Inc. (AMZN) reported Q2 2022 results, showing a net loss of $2 billion or $0.20 per diluted share, compared to a net income of $7.8 billion in Q2 2021. Operating cash flow plunged 40% to $35.6 billion, and free cash flow decreased to an outflow of $23.5 billion. Despite these challenges, net sales rose 7% year-on-year to $121.2 billion. The results include a significant $3.9 billion loss related to Rivian investments. CEO Andy Jassy highlighted operational improvements and upcoming Prime benefits that could drive future revenue growth.
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