Amazon's Q3 2013 financial report, which was just released, shows that Amazon’s net revenue for the quarter was $17.1 billion, compared to $13.81 billion in the same period last year, representing a year-on-year increase of 24%; its net loss was $41 million, compared to $274 million in the same period last year —— indicating a significant narrowing of the company's net loss.
In the past year, Amazon's operating cash flow reached $4.98 billion, compared to $3.37 billion the previous year, an increase of 48%; free cash flow was $388 million, compared to $1.06 billion the previous year, a decrease of 63%.
Revenue from different regions also performed well. Net revenue in the North American market in Q3 was $10.3 billion, compared to $7.884 billion in the same period last year; international markets continued to keep pace, with net revenue reaching $6.8 billion, an increase of $900 million from the same period last year.
As of September 30th, Amazon's total cash and cash equivalents amounted to $3.872 billion, while convertible marketable securities reached $3.817 billion.
Lastly, here are some of the achievements Amazon made in Q3:
Launched the new Kindle Paperwhite e-reader and Kindle Fire HDX tablet, while upgrading the Fire OS mobile operating system to include features such as the Mayday online customer service.
Launched the Kindle MatchBook service, allowing users who have purchased MatchBook paper books to buy the electronic versions of these books for free or at a discount.
Launched the Kindle e-book store in Mexico, offering over 2 million books, more than 70,000 of which are in Spanish. Amazon also announced that the Kindle and Kindle Paperwhite readers would be available in Mexico.
Launched the Appstore Developer Select tool for developers, enabling them to optimize applications developed for Kindle Fire.
Launched the "Login and Pay with Amazon" service, challenging online payment methods such as PayPal and credit cards.
The cover image is from Businessweek.