In this video, I will be going over Amazon's (AMZN 2.39%) second-quarter earnings report and explain why the stock rose 12% and why this is still one of the best investments one can make for the long term. 

  • Net sales increased 7% to $121.2 billion, while net loss was $2 billion compared with net income of $7.8 billion in the same quarter last year. 
  • Online store sales decreased 4% year over year (YOY). But as I said in my last video, I'm not too concerned about that. 
  • Third-party seller services increased 9% YOY. That's one of the reasons why I'm not concerned about online store sales being down. 
  • Subscription services increased 10% YOY, and this part of the business is probably Amazon's biggest moat.
  • Advertising services increased by 18% YOY even though online store sales were down. 
  • Lastly, Amazon's most lucrative segment, Amazon Web Services, increased 33% YOY. 
  • For Q3, the company expects net sales to come in at $127.5 billion at the midpoint, growing 15% YOY. 

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*Stock prices used were the closing prices of July 28, 2022. The video was published on July 29, 2022.