As the world’s largest online retailer, Amazon has benefited from a stampede by consumers trying to avoid physical stores during the pandemic.
The company has also spent heavily hiring workers to help it keep up with the surge in online orders as well as on measures — temperature checks, masks, sanitizer — to protect front-line warehouse workers from COVID-19. Amazon said worldwide shipping costs increased 68% to $13.7 billion in the period that ended June 30.
“Demand stayed strong with prime members who were shopping more often and with larger baskets,” he said, referring to customers who pay monthly or annual fees for access to faster shipping and services such as streaming video. The company generated $18.2 billion in the quarter from warehouse storage and delivery services that Amazon provides to third-party merchants selling products on its platform. Analysts, on average, projected $15.8 billion.Subscription revenue, mostly from Amazon Prime subscribers, were $6 billion, in line with estimates.
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