Amazon’s financial results for Q2 2023, which ended June 30, reveal that its investments in product expansion, fulfillment capabilities and new ad offerings have helped it beat initial projections.
Revenue increased 11% year over year, reaching $134.4 billion, up from $121.2 billion during the same period last year. North America and International segments saw similar growth, with segment sales increasing 11% and 10% year over year, respectively.