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Quarterly revenue exceeds annual income of Slovakia

Amazon surpasses market expectations with revenue and profit

In the first quarter of this year, Amazon achieved a revenue of nearly 134.5 billion euros, surpassing the total annual income of Slovakia. The e-commerce and technology giant saw its profits triple in the first quarter of this year to 10.4 billion dollars, equivalent to 9.8 billion euros.

Photo: Dreamstime.

Amazon continues to lead the way compared to Microsoft, Alphabet, and Meta. The e-commerce operations generated the most revenue, with a turnover of 83.8 billion euros. Advertising revenue grew by 24 percent to 11.1 billion euros. Cloud services remain a significant source of income for Amazon, with revenue of 23.5 billion euros in the last quarter.

Source: BNR

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