Amazon reported a boost in profit and sales in its third quarter results, as it hailed better than expected results.
Profit skyrocketed 54% to £11.85bn for the period ended 30 September, compared to £7.67bn the same time last year.
Sales were up 11% to £123bn, which it said excluded the unfavourable impact from year-over-year changes in foreign exchange rates over the quarter.
The results come after Amazon achieved record sales in its latest Prime Big Deal Days shopping event, with UK revenues hitting £633m.
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Looking ahead, the ecommerce giant said it expected full-year operating income to be between £12.39bn and £15.49bn. Sales are forecast to come in between £140.58bn and £146.01bn.
The results come after Amazon grocery boss Tony Hoggett stepped down from his role last month to pursue the “next step” of his career.
Hoggett, who joined the ecommerce giant in 2022 as senior vice president of worldwide grocery stores, was previously Tesco group chief strategy and innovation officer and group chief operating officer.
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