Amazon Turns $2.7 Billion Loss in 2022 to a Profit of $30 Billion in 2023

A strong holiday shopping season, an improved fulfillment operation, and cost cuts including an estimated 27,000 layoffs resulted in a $30 billion profit for Amazon in 2023 following a loss of $2.7 billion in 2022. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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(PHOTOS) Amazon, that upstart online bookstore, turns 25: A history in photos

Since its launch 25 years ago, Amazon's reach has extended well beyond an online bookstore. And while it may seem obvious today, at the time Jeff Bezos was working to get his idea to the masses, many investors thought it would be no match for bookstore giants like Borders and Barnes and... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-07-08 10:00:00 UTC ]
More news stories like this | News stories tagged with: #online bookstore #obvious today #investors thought #bookstore giants #institutional investors #tom alberg #big rival #dominant figure #book industry #bookstore

Amazon, that upstart online bookstore, turns 25 (Photos)

Since its launch 25 years ago, Amazon's reach has extended well beyond an online bookstore. And while it may seem obvious today, at the time Jeff Bezos was working to get his idea to the masses, many investors thought it would be no match for bookstore giants like Borders and Barnes and... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-07-05 17:38:09 UTC ]
More news stories like this | News stories tagged with: #online bookstore #obvious today #investors thought #bookstore giants #institutional investors #tom alberg #big rival #dominant figure #book industry #bookstore

Amazon Publishing Turns 10

Since its launch in 2009, Amazon’s publishing group has developed a backlist of 10,000 titles, and 40 of its authors have reached more than one million readers each. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-17 04:00:00 UTC ]
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After his 2-year-old daughter died, a father turned his pain into a beautiful memoir

Jayson Greene’s “Once More We Saw Stars” is a heartbreaking — and heartwarming — tale of love and loss. Continue reading at The Washington Post

[ The Washington Post | 2019-05-08 15:53:00 UTC ]
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Making their Mark: Triple celebration in store as Hamilton comic book shop turns 30

There's a lot of work - and a lot of fun - involved in the business of selling comics, Chris Lander tells Mike Mather. Continue reading at Stuff

[ Stuff | 2019-05-02 00:00:00 UTC ]
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Amazon reports record profit with first quarter sales up 17%

Amazon has recorded a record profit of $3.6billion, with its first quarter sales up 17% to $59.7billion. Continue reading at The Bookseller

[ The Bookseller | 2019-04-27 00:00:00 UTC ]
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HarperCollins UK hits record profit after Lord of the Rings Amazon TV deal

HarperCollins Publishers saw record profits before tax of £26.8m for the year ending 30th June 2018, almost double the 2017 figure, partly due to a monster The Lord of the Rings TV deal with Amazon. Continue reading at The Bookseller

[ The Bookseller | 2019-04-05 00:00:00 UTC ]
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HarperCollins UK profits double due to Tolkien TV deal with Amazon

Boost from rights sale for multi-series adaptation, as eBooks continue to declineThe publisher HarperCollins UK has more than doubled its profits thanks to a hugely lucrative deal with Amazon for the rights to make multiple TV series based on The Lord of the Rings for its global streaming... Continue reading at The Guardian

[ The Guardian | 2019-04-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ebooks continue #book publisher

Elsevier records 2% lifts in revenue and profits

Elsevier saw 2% underlying revenue growth in 2018, according to the latest annual financial results filed by parent company RELX, to a total of £2,538m. Continue reading at The Bookseller

[ The Bookseller | 2019-02-22 00:00:00 UTC ]
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Amazon's 2018 Sales Topped $232 Billion

The giant company's sales increased 31% in 2018 over 2017, and its operating income tripled to $12.4 billion. Among the many reasons cited for the big 2018 financial gains was the performance of Amazon’s third-party sellers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-02-01 00:00:00 UTC ]
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Authors Newman and Coe urge readers to turn to high street after stock delays at 'Scrooge' Amazon

Authors Cathy Newman and Jonathan Coe have urged customers to take their business to the high street this Christmas season after suffering stock shortages of their titles on Amazon.co.uk. Continue reading at The Bookseller

[ The Bookseller | 2018-12-21 00:00:00 UTC ]
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Amazon is now taking a 30 percent cut of ad sales from Fire TV

Amazon is taking a bigger piece of ad sales on Fire TV, its connected TV devices, by requiring TV networks and digital publishers to hand over 30 percent of their commercial space for it to sell, according to new terms from the e-commerce giant.Until last month, Amazon let the publishers sell... Continue reading at Advertising Age

[ Advertising Age | 2018-11-20 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ad inventory #ad sales #bigger piece #digital publishers #commercial space #e-commerce giant #ad revenue

Amazon Profits Soar Again, Despite Disappointing Sales

Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-24 00:00:00 UTC ]
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Amazon Profits Soar

For the quarter ended June 30, 2018, operating income at Amazon increased to $3.0 billion, compared with operating income of $628 million in the second quarter of 2017. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-07-26 00:00:00 UTC ]
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Beleaguered Access Copyright, Turning 30, Is Honored by Canadian Publishers

Calling it 'a truly essential organization for making our marketplace work,' Canadian publishers say they'll honor the Access Copyright revenue collection agency, which is under sustained attack from the education sector. The post Beleaguered Access Copyright, Turning 30, Is Honored by Canadian... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-05-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #canadian publishers #sustained attack #education sector

Ducks come up short in 2-1 loss to the Red Wings

Dylan Larkin and Frans Nielsen scored in the first two periods and the Detroit Red held off the Anaheim Ducks for a 2-1 win on Tuesday night. Adam Henrique pulled Anaheim within a goal with 3:54 left in the game. The Ducks pulled John Gibson with a minute remaining in regulation to have an extra... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-02-14 00:00:00 UTC ]
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Amazon's shares jump after profit doubles

Amazon's shares jumped 6% after the retail giant posted its financial results for the fourth quarter, revealing it doubled profits made in the same period last year to $1.9bn (£1.34bn). Continue reading at The Bookseller

[ The Bookseller | 2018-02-03 00:00:00 UTC ]
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With Amazon Kindle Now Turning 10, David Naggar Says Content Is Prime

On the 10th anniversary of Kindle, VP of Kindle content David Naggar looks back on the development and impact of Amazon's ebook ecosystem on book publishing. The post With Amazon Kindle Now Turning 10, David Naggar Says Content Is Prime appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-11-20 00:00:00 UTC ]
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Whole Foods Adds Nearly $1.3 Billion to Amazon

In addition to adding $1.28 billion in revenue from its August purchase of the grocery chain, online sales at Amazon rose 22% in the third quarter over the comparable period a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-26 00:00:00 UTC ]
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Amazon's new Kindle app makes it easier to turn your phone or tablet into a book

I’m a big fan of e-ink Kindles -- preferring them over real books. If you do a lot of reading, they’re great. However, some people prefer the versatility of an iPad, Android tablet or smartphone, and there's a clear benefit to those. You only need to carry around the one device. Today, Amazon... Continue reading at Betanews

[ Betanews | 2017-10-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #android tablet #amazon launches #easy access #big fan #real books