Toy market news

Amazon posts second quarterly loss in a row, despite sales increasing

Amazon sales were up +7% in the three months to June, delivering a better performance than had been anticipated

Amazon reported its second quarterly loss in a row yesterday. Nevertheless, the company’s share price gained over 10% in after-hours trading based on the stronger than expected earnings.

Sales for the three months ending in June increased by +7% to $121b, compared with $113.1b in the second quarter of 2021. The increase marks one of the slowest growth periods for Amazon in its history: however the performance was better than had been widely anticipated.