e-commerce
Amazon Q3 results fall short of Wall Street expectations
MUMBAI: E-commerce giant Amazon could not beat Wall Street expectation with its revenue and fourth quarter guidance in its third quarter earnings despite turning in a record profit. The company has reported a $2.9 billion profit for the three months ending in September topping $1 billion for the fourth consecutive quarter. Revenues of $56.58 billion fell short of expectations for $57.1 billion as well as guided revenue of $66.5 billion to $72.5 billion for next quarter.
Its high margin business including cloud, advertising and third-party seller services propelled the growth of its profit more than its core retail business. Its cloud business by revenue saw sales up 45.7 per cent to $6.68 billion. On the other hand, its advertising business, jumped 123 per cent to $2.5 billion in revenue.
“Net sales increased 29 per cent to $56.6 billion in the third quarter, compared with $43.7 billion in third quarter 2017. Excluding the $260 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 30 per cent compared with third quarter 2017,” the company said in a release.
For the fourth quarter guiding too, Amazon has anticipated an unfavorable impact of approximately 80 basis points from foreign exchange rates. But this quarter is most important for the company’s sales due to the holiday season.
While total revenue increased 29 per cent from last year, a considerable trait has to be discussed. Though in its home market its growth was at high speed, in international markets that was lower. North American sales were $34.3 billion, up 35 per cent from last year but international sales grew just 13 per cent to $15.5 billion. The disappointing international result indicates that competition in e-commerce space is escalating.
“Amazon Business has now reached a $10 billion annual sales run rate and is serving millions of private and public-sector organisations in eight countries,” said Amazon founder and CEO Jeff Bezos especially mentioned this segment.
“Amazon Business is adding customers rapidly, including large educational institutions, local governments, and more than half of the Fortune 100. These organisations are choosing Amazon Business because it increases transparency into business spending and streamlines purchasing, with increased control. The team is doing a fantastic job building and innovating for customers,” he added.
Though Prime Video is a part of its attempt to turn customers for shopping by engaging through the video content, it has become a major competitor of streaming giant Netflix. “Prime Video continues to announce original series debuting in 2018, including: Homecoming, a psychological thriller starring Julia Roberts, and produced and directed by Sam Esmail; as well as season 2 of The Marvelous Mrs. Maisel, recent winner of eight Emmy awards including Outstanding Comedy Series,” the company added.
Amazon is also launching monthly Prime membership in Canada and Mexico, quarterly Prime membership in China, and monthly Prime Student membership in Germany.
e-commerce
Flipkart and Uber team up to let users earn Supercoins on rides
New partnership turns everyday commutes into rewarding journeys for millions of Indians.
MUMBAI: Flipkart and Uber have joined forces to give riders a little extra mileage this time, in the form of Supercoins. The two platforms have announced a collaboration that allows Flipkart users to earn 4 per cent of their Uber fare as Supercoins on every eligible ride, up to a maximum of 150 coins per trip, with no cap on total earnings. The coins are credited directly to the user’s Flipkart account and can be redeemed across the Flipkart ecosystem, including Flipkart Minutes, Cleartrip, and partner offerings.
New Uber users or those who haven’t used the app in the last 84 days can earn an additional 150 bonus Supercoins by completing their first ride within 28 days of linking accounts. Users who link their accounts between 15 and 30 April 2026 and complete their first ride within 28 days will receive another 50 bonus SuperCoins.
Flipkart vice president, payments and supercoins Gaurav Arora said, “Supercoins is evolving into a broader rewards layer across everyday use cases. Mobility is a natural extension, and this partnership with Uber allows us to integrate more seamlessly into how customers transact daily.”
Uber director of business development at India and South Asia Arnab Kumar added, “This integration allows us to extend additional benefits to riders in a simple and intuitive way, while building on how users engage with everyday services across platforms.”
The partnership brings together two high-frequency consumer platforms and reflects a growing trend of integrating loyalty rewards into daily mobility and lifestyle experiences.
In a country where commutes are a daily reality, Flipkart and Uber have found a smart way to make every ride a little more rewarding. With Supercoins now earned on the go, users can turn their everyday journeys into opportunities to save and enjoy more across the Flipkart ecosystem. The partnership is a win-win that puts loyalty on the fast lane.
