×

Amazon Raked In More Profit During the Pandemic Than in the Past Three Years

Published Apr 30 2021 at 6:55 AM GMT
Key
Points
  • Following Amazon's announcement that CEO Jeff Bezos will be stepping down this year, the tech giant has still seen evident growth despite the pandemic.
  • In fact, due to the rise of online shopping during COVID-19, Amazon has reported that it made more profit within the past 12 months than it has in the previous three years.
  • According to its'latest earnings report, Amazon profited $26.9 billion USD between April 2020 to March 31, 2021, while it only made $24.
  • 7 billion USD in profit between 2017 to 2019.
  • Net sales climbed 44 percent to $108.5 billion USD in the first quarter of 2021, in comparison to $75.



Trending

Stats

  • Published Apr 30, 2021 6:55 AM GMT