SUBSCRIBE
SUBSCRIBE
EXPLORE +
  • About infoDOCKET
  • Academic Libraries on LJ
  • Research on LJ
  • News on LJ
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Libraries
    • Academic Libraries
    • Government Libraries
    • National Libraries
    • Public Libraries
  • Companies (Publishers/Vendors)
    • EBSCO
    • Elsevier
    • Ex Libris
    • Frontiers
    • Gale
    • PLOS
    • Scholastic
  • New Resources
    • Dashboards
    • Data Files
    • Digital Collections
    • Digital Preservation
    • Interactive Tools
    • Maps
    • Other
    • Podcasts
    • Productivity
  • New Research
    • Conference Presentations
    • Journal Articles
    • Lecture
    • New Issue
    • Reports
  • Topics
    • Archives & Special Collections
    • Associations & Organizations
    • Awards
    • Funding
    • Interviews
    • Jobs
    • Management & Leadership
    • News
    • Patrons & Users
    • Preservation
    • Profiles
    • Publishing
    • Roundup
    • Scholarly Communications
      • Open Access

October 25, 2011 by Gary Price

Amazon.com Earnings: Q3 2011 Sales up 44% to $10.88 Billion, Net Income Down 73%, Record Kindle Sales

October 25, 2011 by Gary Price

UPDATE: “Amazon Profit Plunges; Shares Tumble” (via Bloomberg)
From Amazon.com’s Q3 2011 Earnings News Release:

Amazon.com, Inc. today announced financial results for its third quarter ended September 30, 2011.
Operating cash flow increased 19% to $3.11 billion for the trailing twelve months, compared with $2.62billion for the trailing twelve months ended September 30, 2010. Free cash flow decreased 17% to $1.53 billion for the trailing twelve months, compared with $1.83 billion for the trailing twelve months ended September 30, 2010.
Common shares outstanding plus shares underlying stock-based awards totaled 469 million on September 30, 2011, compared with 465 million a year ago.
Net sales increased 44% to $10.88 billion in the third quarter, compared with $7.56 billion in third quarter 2010. Excluding the $371 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 39% compared with third quarter 2010.
Operating income was $79 million in the third quarter, compared with $268 million in third quarter 2010. The favorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $14 million.
Net income decreased 73% to $63 million in the third quarter, or $0.14 per diluted share, compared with net income of $231 million, or $0.51 per diluted share, in third quarter 2010.
“September 28th was the biggest order day ever for Kindle, even bigger than previous holiday peak days. Jeff Bezos, founder and CEO of Amazon.com said,  “In the three weeks since launch, orders for electronic ink Kindles are double the previous launch. And based on what we’re seeing with Kindle Fire pre-orders, we’re increasing capacity and building millions more than we’d already planned.”

Some of the Other Q3 Highlights Listed in the News Release:

  • Amazon.fr launched the French Kindle Store offering customers a vast selection of over 35,000 French-language Kindle books.
  • Licensing agreements with Twentieth Century Fox and PBS
  • Amazon Publishing released 61 titles in the quarter
  • Amazon Publishing also announced a new imprint, 47North, which is dedicated to science-fiction, fantasy, and horror. 47North joins sister imprints AmazonEncore, AmazonCrossing, Powered by Amazon, Montlake Romance, and Thomas & Mercer.
  • North America segment sales, representing the Company’s U.S. and Canadian sites, were $5.93 billion, up 44% from third quarter 2010.
  • International segment sales, representing the Company’s U.K., German, Japanese, French, Chinese, Italian and Spanish sites, were $4.94 billion, up 44% from third quarter 2010. Excluding the favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, sales grew 33%.
  • Worldwide Media sales grew 24% to $4.15 billion. Excluding the favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, sales grew 19%.

Direct to the Complete News Release

Filed under: Awards, News, Publishing

SHARE:

Amazon.comBooksE-BooksInfo IndustryKindle

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

ADVERTISEMENT

Archives

Job Zone

ADVERTISEMENT

Recent Articles on LJ

From the Top: Library Leaders Talk EDI | Equity

Positioned for Power: Hiring an EDI Officer | Equity

DEI Audits: The Whole Picture | Equity

After the MLIS

Capitol Gains: ALA 2022 Preview

ADVERTISEMENT

Related Infodocket Posts

Report: "The Important Role Libraries Play in Building a Creative and Innovative Society"

From ArchDaily: As gateways to knowledge and culture, libraries play a fundamental role in society. Foundational in creating opportunities for learning, as well as supporting literacy and education, the resources ...

Not Real News: An Associated Press Roundup of Untrue Stories Shared Widely on Social Media This Week

From the Associated Press: A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were ...

Statement: American Library Association (ALA) Condemns Threats of Violence in Libraries

Full Text of ALA Statement (6/24): In response to the alarming increase in acts of aggression toward library workers and patrons as reported by press across the country, the American ...

Roundup (June 24, 2022)

FCC and IMLS Sign Agreement to Promote Broadband Access More Than Fifty Libraries and Library Systems Live on EBSCO FOLIO Library Services Platform NIST Releases New Guidance and Resources on ...

Report: "Vatican Releases Thousands of Holocaust-Era Letters and Requests Online"

From the Associated Press (via Times of Israel): Pope Francis orders the online publication of 170 volumes of its Jewish files from the recently opened Pope Pius XII archives, the ...

The New York Public Library Opens a ‘Virtual Branch’ on Instagram and Launches a Reading Recommendation Project Using...

From NYPL: The virtual branch— a custom designed interactive AR (Augmented Reality) Effect accessible via Instagram Reels is the centerpiece of #NYPLSummerBookshelf, a new initiative to spark a love of ...

Roundup (June 23, 2022)

CLIR Invites Proposals for Pocket Burgundy Series (via Council on Library and Information Resources) Oregon’s State Library added to National Register of Historic Places (via Oregon Capital Chronicle)

State of New York Releases First-Of-Its Kind Statewide Address-Level Broadband Map

From GCN: An address-level, interactive broadband map will help officials in New York explore statewide high-speed internet availability, assess connectivity needs and better allocate state and federal funding. The map ...

Journal Article: "Rarely Analyzed: The Relationship Between Digital and Physical Rare Books Collections"

The article linked below was recently published by Information Technology and Libraries. Title Rarely Analyzed: The Relationship Between Digital and Physical Rare Books Collections Authors Allison McCormack University of Utah ...

Mellon Foundation Awards $600,000 to Digital Preservation Outreach and Education Network

From The Pratt Institute: The Mellon Foundation has awarded the Pratt Institute School of Information $600,000 to support the Digital Preservation Outreach and Education Network (DPOE-N) in collaboration with the ...

DPLA Receives $150,000 Grant From the Knight Foundation to Expand the Palace Marketplace and Palace Bookshelf

From a DPLA Announcement: DPLA’s ebook work is a key part of our mission to advance digital access to knowledge for all. Earlier this month, The Palace Project app and platform ...

Charles Watkinson Takes Office as AUPresses President

From an AUPresses Announcement: Charles Watkinson, director of the University of Michigan Press, has stepped into the presidency of the Association of University Presses. Watkinson, who also serves as associate ...

ADVERTISEMENT

FOLLOW INFODOCKET ON TWITTER

Tweets by @infodocket

ADVERTISEMENT

This coverage is free for all visitors. Your support makes this possible.

This coverage is free for all visitors. Your support makes this possible.

Primary Sidebar

  • News
  • Reviews+
  • Technology
  • Programs+
  • Design
  • Leadership
  • People
  • COVID-19
  • Advocacy
  • Opinion
  • INFOdocket
  • Job Zone

Reviews+

  • Booklists
  • Prepub Alert
  • Book Pulse
  • Media
  • Readers' Advisory
  • Self-Published Books
  • Review Submissions
  • Review for LJ

Awards

  • Library of the Year
  • Librarian of the Year
  • Movers & Shakers 2022
  • Paralibrarian of the Year
  • Best Small Library
  • Marketer of the Year
  • All Awards Guidelines
  • Community Impact Prize

Resources

  • LJ Index/Star Libraries
  • Research
  • White Papers / Case Studies

Events & PD

  • Online Courses
  • In-Person Events
  • Virtual Events
  • Webcasts
  • About Us
  • Contact Us
  • Advertise
  • Subscribe
  • Media Inquiries
  • Newsletter Sign Up
  • Submit Features/News
  • Data Privacy
  • Terms of Use
  • Terms of Sale
  • FAQs
  • Careers at MSI


© 2022 Library Journal. All rights reserved.


© 2022 Library Journal. All rights reserved.