Amazon today reported its Q1 2013 results, ended March 31, 2013. The company reported the net sales increased 22% to $16.07 billion in the first quarter, compared with $13.18 billion in first quarter 2012 while the operating income decreased 6% to $181 million in the first quarter, compared with $192 million in first quarter 2012.
The operating income decreased 6% to $181 million in the first quarter, compared with $192 million in first quarter 2012 while the net income decreased 37% to $82 million in the first quarter, or $0.18 per diluted share, compared with $130 million, or $0.28 per diluted share, in first quarter 2012. Operating income decreased 6% to $181 million in the first quarter, compared with $192 million in first quarter 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $12 million.
“Amazon Studios is working on a new way to greenlight TV shows. The pilots are out in the open where everyone can have a say,” said Jeff Bezos, founder and CEO of Amazon.com. “I have my personal picks and so do members of the Amazon Studios team, but the exciting thing about our approach is that our opinions don’t matter. Our customers will determine what goes into full-season production. We hope Amazon Originals can become yet another way for us to create value for Prime members.”
For the second quarter 2013 guidance, the company expecting the net sales between $14.5 billion and $16.2 billion, or to grow between 13% and 26% compared with second quarter 2012. Operating income (loss) is expected to be between $(340) million and $10 million, compared to $107 million in the comparable prior year period. This guidance includes approximately $340 million for stock-based compensation and amortization of intangible assets.