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Amazon has released its Q1 2021 results: here they are!

The second quarter of the year is already well underway: it's time to take stock of the first! It usually takes Amazon a month to do the accounts and publish its quarterly results. This is the case this quarter. In a lengthy publication for the press, Amazon looks back at its figures for the beginning of the year.

Amazon's "biggest turnover of all time"

Amazon's first quarter results have far exceeded analysts' expectations, both in terms of profits and revenues.

Amazon unveiled a revenue of $108.5 billion in this first quarter of 2021, an increase of 44% compared to the previous year, where analysts predicted 104 billion. 👉 The release of these results marks the second largest in the group's history. The record was previously set in Q4 of the year 2020.

Amazon's profits have also climbed. In this first quarter, they are around 8.1 billion dollars (four times more than in Q1 of last year).

If one could assume that last year's record sales could be partly due to the health situation, there is no doubt about it this quarter: Amazon has become more deeply integrated into consumers' daily lives than ever before.

Over 200 million subscribers for Amazon Prime

The last statistic that had been communicated by Amazon dated from the beginning of 2020. At that time, Amazon Prime had 150 million subscribers, making Prime Video a very serious challenger to Netflix and its 180 million announced subscribers.

In 2020, the game has changed.

While announcing its quarterly results, Amazon took the opportunity to unveil a new statistic: Prime has passed the 200 million subscribers mark. And for cause, access to a music and video catalog more and more provided, but especially, to the accelerated Prime delivery available on FBA products.

➡️ It is estimated that today, one in two consumers is a Prime member.

AWS, Amazon's hidden gem

AWS profits exceeded those estimated by specialists to reach $4.16 billion, an increase of 35% over the year.

When compared to Amazon's total revenues, Amazon's cloud business now accounts for 12% of the company's total revenues.

In just 15 years, AWS has become a $54 billion-a-year business that rivals the world's largest technology companies, and its growth is accelerating, up 32% year over year."

Jeff Bezos in the recently released statement.

➡️ According to Canalys, this puts AWS in first place among cloud providers, gathering 30% of industry spending, ahead of Microsoft Azure and Google Cloud.

Guillaume Rigallaud

CEO

May 6, 2021

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