Amazon Inc reported first-quarter revenue above Wall Street estimates on Thursday, helped by resilient demand for online shopping and its cloud services businesses.
The world’s biggest online retailer net sales of $127.4 billion in the first three months of the year, compared with expectations of $124.55 billion, according to Refinitiv.
By Akash Sriram and Jeffrey Dastin; Editor Arun Koyyur
How Amazon Fits Into the New DTC Playbook
Digital brands that once steered clear of Amazon are more open to selling on the marketplace, as the e-commerce slowdown and rising marketing costs make it harder to find customers on their own.