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CLAIM #7206 · Amazon.com Inc (AMZN) · 2022Q2 earnings call · Jul 28, 2022 · due Dec 31, 2022

we've got to work our way out of the condition we are in and we are making good progress in Q2 and expect to keep pressing on that in the second half of the year

Brian Olsavsky · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
expect to keep pressing on that in the second half of the year
Reported
we generated over $1 billion in operations cost improvements driven by higher leverage of our fixed cost base and continued productivity improvements

In context

get better and better. And as I mentioned in-stocks never been higher, delivery speed is increasing. So not to mention a lot of the new content, especially on the video side that will be coming in the fall. So we feel good about the program and the state of the Prime members after a very rough couple years of pandemic turmoil. And we think it's good base to build upon. So on the seller fee again, we added that fee grudgingly in May to compensate for some of the inflationary pressures we're seeing. I don't want to give you the idea that either of those fee increases came close to covering our costs. You can see from our operating results, some of it's internal related, but a lot of it's external factors that they're – we are not passing through that at a 100% to external groups. And it’s – we've got to work our way out of the condition we are in and we are making good progress in Q2 and expect to keep pressing on that in the second half of the year, but saw strength in the seller results in Q2, as we mentioned on the percentage mix. So I think, seller business remain strong in an integral part of our customer offering. Dave Fildes: Youssef, this is Dave. On your Buy with Prime question, yes, I mean, right now, it's allowing U.S.-based Prime members to shop directly from merchants on the online stores. And it's what they experience, they expect and kind of come to expect with Amazon that's the fast free delivery that seamless checkout and the free returns on orders that are eligible. Right now the program is available, as you mentioned, invitation-only for merchants that are already using FBA. And it'll expand throughout this year as we'll extend more merchants to invite and participate in the program. We're interested in learning an

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SEC filings for AMZN · Claim quote is verbatim from the 2022Q2 earnings call.