Amazon.com Inc. announced financial results for its second quarter ended June 30, 2009. Net sales increased 14% to $4.65 billion in the second quarter, year-over-year. Net income decreased 10% to $142 million in the second quarter, year-over-year.
Operating income decreased 27% to $159 million in the second quarter, year-over-year and included the impact of Amazon's settlement with Toysrus.com LLC for $51 million, and a $53 million non-cash gain recognized on the sale of its European DVD rental assets.
Amazon.com founder and CEO Jeff Bezos said, "We're pleased that customers saved more than $900 million with our free shipping offers, including Amazon Prime, over the last year. We're staying heads down focused on providing customers low prices, vast selection, and fast delivery."
Bezos was not on yesterday's conference call with investors because he was traveling, making it a very dry session. Amazon.com CFO Tom Szkutak revealed that worldwide active seller accounts were more than 1.7 million, up 21 percent. Seller units were 30% of total units. Other highlights from Amazon.com's earnings report:
Worldwide unit growth was 28%. Active customer accounts exceeded 94.0 million, up 16%.
Sellers utilizing Fulfillment by Amazon more than tripled compared to second quarter 2008, and the service has shipped more items year-to-date than in all of 2008.
North America segment sales, representing the Company’s U.S. and Canadian sites, were $2.45 billion, up 13% from second quarter 2008.
International segment sales, representing the Company’s U.K., German, Japanese, French and Chinese sites, were $2.20 billion, up 16% from second quarter 2008. Excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, International sales grew 28%.
Amazon launched its MP3 music service in France, offering more than 8 million DRM-free songs from all four major labels and hundreds of independent labels that can be played on any MP3 player.
Amazon.com Inc. announced financial results for its second quarter ended June 30, 2009. Net sales increased 14% to $4.65 billion in the second quarter, year-over-year. Net income decreased 10% to $142 million in the second quarter, year-over-year.
