Amazon's better-than-expected second quarter results spark heated discussion on Twitter

It is learned that e-commerce giant Amazon's earnings in the second quarter of 2023 increased by 11% year-on-year, exceeding Wall Street expectations, driving a surge in market share and value before the first weekend of August. As a result, the social media analysis platform of Global Data, a leading data and analytics company, showed a sharp increase in Twitter influencer conversations around Amazon.

Smitarani Tripathy, social media analyst at GlobalData, commented: “Advertising revenue was one of the most discussed topics among Twitter influencers, recording an impressive 22% growth in the second quarter. Other key topics discussed included cloud, artificial intelligence, retail and e-commerce. Influencers predicted that the e-commerce business will continue to grow with more affordable and efficient cloud computing.”

Here are some popular influencer opinions captured by Global Data’s social media analytics platform:

1. Ryan Henderson, Arch Capital Investor :

“$AMZN Amazon ad growth is impressive. LTM revenue of $41 billion, up 22% Y/Y. That’s more than Google added in ad revenue last year.”

2. Tanay Jaipuria, Partner, Wing Ventures :

“Amazon’s ad business is currently running at $42.5B and is still growing 20+% per year. This is larger than YouTube and Netflix.”

3. Tom Craig, Global Supply Chain/Logistics Consultant :

“Amazon’s $AMZN stock rises more than 7% on cloud computing, consumer sales growth.”

4. Rahul Sharma, Managing Director, Neev Capital

“In the second quarter alone, U.S. retail sales grew by $8 billion on a massive $74 billion base. Amazon has clearly adjusted to the post-COVID boom and is growing rapidly again. It’s an incredible brand.”

5. Beth Kindig, Chief Analyst at I/O Fund:

“Online commerce is driving the rapid growth of the cross-border e-commerce market: it is expected to grow at a compound annual growth rate of 25.5% and exceed 5.5 trillion by 2030.”

Editor ✎Estella/

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