What Does Amazon’s Q2 2023 Earnings Report Mean for Ecommerce Brands

Amazon reported their quarterly earnings and gave an update on the trends they are seeing.

Amazon reported Q2 earnings on August 3rd, 2023 and gave an update on the trends they are seeing. With Amazon in so many different businesses (AWS, Grocery Stores, streaming, etc.) it is difficult for brands to focus on what it means for them. This is our attempt to distill it down. 

The key takeaway for brands is that after several years of COVID effects, growth on their retail platform has returned to “trendline” growth of 10-20%.  This should be viewed as very positive growth for brands.  Additionally, Amazon 3P is dramatically outperforming 1P with an estimated growth of 18% YoY vs 4% for 1P.

  • Total ecommerce sales on the Amazon platform grew an estimated 13% from last year, and is up a whopping 62% from Pre-Covid 2019  levels.  We believe this shows that ecommerce is getting back to its “trend line” growth of 10-15% even with a slowing economy.
  • 3P sales continues to take market share from 1P and shows strong 18% YoY growth.  Amazon 3P now accounts for 67% of Amazon GMV based on our assumption, with 1P making up only 33% of GMV.
  • Amazon’s ad business grew 20% YOY to $10.7billion and now represents roughly 6.7% of Amazon GMV. Amazon’s ads business continues to grow… and grow much faster than total sales on the platform. Essentially, this means that ads are getting more expensive and it requires a bigger focus to make sure brands are not overspending on unprofitable key words.

More Resources And Articles

Amazon Indexes A+ Content: What Sellers Need to Know in 2025

Author: Jameel Sumra

Aug 27, 2025

Amazon PPC Ads Troubleshooting: How to Identify and Fix Common Issues

Author: Jameel Sumra

Aug 26, 2025

Why Amazon Sales Down? How to Identify Issues and Boost Performance

Author: Jameel Sumra

Aug 25, 2025

How Amazon coupons can boost sales and brand visibility

Author: Peter Curac-Dahl

Aug 25, 2025

DTC brands

How DTC Brands Can Scale Successfully in 2025

Author: Jameel Sumra

Aug 21, 2025

How Amazon Seller Central Consultants Help Brands Maximize Sales

Author: Jameel Sumra

Aug 20, 2025

Amazon Competitor Analysis: How to Stay Ahead in 2025

Author: Jameel Sumra

Aug 19, 2025

amazon statistics

Amazon Statistics: Key Data Every Seller Needs in 2025

Author: Jameel Sumra

Aug 18, 2025

Contact Us

Learn more about how we can help your Amazon business succeed!

Agree(Required)
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.