Amazon (AMZN) Stock - This Is Really Bad | Summary and Q&A

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October 27, 2022
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The Investor Channel
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Amazon (AMZN) Stock - This Is Really Bad

TL;DR

Amazon's Q3 earnings miss revenue expectations, with a slowdown in growth in its AWS segment and operating losses in its North American e-commerce business.

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Questions & Answers

Q: Why did Amazon's stock plummet after reporting Q3 earnings?

Amazon's stock dropped over 19% in after-hours trading due to disappointing Q3 earnings, including a slowdown in AWS growth and operating losses in its North American e-commerce business.

Q: What was the revenue growth for Amazon in Q3?

Amazon's Q3 revenue reached $127.1 billion, representing a year-over-year growth of approximately 14-15%.

Q: What are the concerns regarding Amazon's Q4 revenue guidance?

Wall Street expected Q4 revenue to be close to $155 billion, but Amazon's guidance falls between $140 billion and $148 billion, raising doubts about the company's ability to meet its growth targets.

Q: How did Amazon's different business segments perform in Q3?

Amazon's core e-commerce business in North America reported operating losses, while AWS experienced a slowdown in growth. However, subscription services and advertising services showed growth, along with the acquisition of MGM Studios boosting the "other" segment.

Summary & Key Takeaways

  • Amazon's Q3 revenue came in at $127.1 billion, missing expectations by $370 million but still showing a 14-15% year-over-year growth.

  • Concerns arise due to a slowdown in growth in Amazon Web Services (AWS) and operating losses in the North American e-commerce business.

  • Q4 revenue is projected to be between $140 billion and $148 billion, falling short of Wall Street's expectations of nearly $155 billion.

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