[Report] Ecommerce down 4% for Amazon, but its advertising sales grew 18%

Hi Reader!

Amazon just came out with its quarterly earnings report for Q2 2022.

Its ecommerce sales are down 4%, but its advertising business grew 18% from the previous year (Can you relate?). Matter of fact, advertising is now Amazon’s fourth-largest revenue generator.

Here are some of the juiciest tidbits from our analysis of Amazon’s Q2 results:

  • Amazon lost $2 billion over its investment in electric vans
  • Advertising outgrew Amazon’s core ecommerce business
  • It will launch drone deliveries in California and Texas this year
  • It sued 10,000 Facebook groups over fake reviews

Check out the full article below to know what Amazon’s Q2 2022 earnings means for sellers and what to expect from Amazon moving forward.

Amazon Q2 2022 Earnings Report

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