Amazon Losses Higher As Media Products Turn Profitable

Share this article:
Announcing second-quarter results only a day after company president Joe Galli quit for personal reasons, Amazon.com yesterday reported it had achieved pro forma operating profitability in its U.S. books, music and DVD/video segments.


Net sales for the three months ended June 30 were $578 million, up 84 percent from $314 million in the same quarter last year. But pro forma losses also rose this second quarter to $89 million, up from $67 million in the same period in 1999.


Cumulative customer accounts grew by 2.5 million this second quarter to 22.5 million. Repeat customer orders were 78 percent of all orders in this period vis-à-vis 70 percent in the second quarter of 1999. Average sales per 12-month customer were $125 this quarter, up from $108 in second-quarter 1999.


Overall, the Seattle retailer expects a cash balance of $908 million by year-end, Warren Jenson, Amazon's chief financial officer, said in a conference call.
Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.