Financial data: The expected deviation mainly comes from third-party business and gross margin.
After the US stock market closed on July 29, Amazon released its second-quarter 2022 financial report. This quarter's revenue and operating profit exceeded expectations, while EPS fell short.
This quarter, the company's revenue was $121.2 billion, a year-on-year growth of 7.2%, which is basically the same as the previous quarter, surpassing the market's expected $119.53 billion and exceeding the upper limit of the guidance of $116 to $121 billion; operating profit was $3.32 billion, a significant decrease of 57%, but exceeded the previous guidance upper limit of $3 billion and the market's expected $1.64 billion; net loss was $2 billion, compared to $7.8 billion in the same period last year, with an EPS of -0.2, lower than the market's expected $0.13.
The main expected deviations in revenue and operating profit this quarter are: (1) Against the backdrop of the continued slowdown in the overall retail large cap growth in North America in the second quarter, Amazon's retail business growth performed better than expected, with a 3.3% revenue growth this quarter for the retail business, although the absolute value is not high, it improved compared to the 3.1% growth in the previous quarter, and did not decline as market expectations had predicted, mainly due to the increased expectations in Retail Third-Party Seller Services; (2) Gross margin higher than expected. This quarter, the gross margin significantly improved to 45.2%, a 2% year-on-year increase, exceeding the expected 43%.
At the same time, the company also released relatively positive...