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Amazon's International Unit Set for $1.6 Billion Profit This Year After Years of Losses
Jul 2, 2024, 11:31 AM
Amazon's international unit is on track to report an annual profit, driven by streamlined logistics operations. The $131 billion unit could achieve a $1.6 billion operating profit this year, a stark turnaround from last year's $2.7 billion loss. Analysts, according to a Refinitiv poll, also project profits to exceed $5 billion next year, as operations continue to streamline. This marks a significant shift for Amazon's international division, which has faced years of losses.
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