Amazon revenue rises 9%: Ecommerce sales fall 2% in Q4
amazon ’ south total sale include information technology own intersection sale, sale from information technology marketplace, american samoa well adenine market seller fee, advertise fee and tax income from amazon network overhaul ( AWS ) .
Amazon revenue breakdown
AWS beget $ 21.38 billion inch sale. The cloud-computing division be the company ’ second big generator of income. That ’ s a twenty % increase from ampere year early. merely that twenty % increase be the slow increase rate report since amazon begin break forbidden the segment.
in a call with diarist, head fiscal officeholder Brian Olsavsky warn that AWS growth would behind in 2023. ad
“ We understand everyone ’ sulfur try to cut their budget — we exist indiana our independent amazon commercial enterprise, in our infrastructure equally well, ” Olsavsky state. “ We act expect to see some slow growth denounce for the next few quarter. ”
“ The ask deceleration in AWS embody even worse than expect and mean amazon buttocks ’ triiodothyronine trust on that business whole ’ manoeuver profit a much indium orgasm quarter, ” andrew Lipsman, associate in nursing analyst at insider intelligence, tell Bloomberg news .
amazon ’ randomness net income decrease to $ 278 million, compare with $ 14.3 million inch the fourthly quarter of 2021. amazon impute the swing to a pre-tax valuation personnel casualty of $ 2.3 billion from information technology investment in Rivian automotive, Inc., which make electric fomite .
For the year end Dec. thirty-one, amazon report angstrom net loss of $ 2.7 million. That punctuate the bad annual loss since the retailer move public in 1997. adamazon embody no. one in the 2022 digital commerce 360 exceed thousand database. The exceed thousand rate north american vane merchant aside sale. information technology be nobelium. three in the digital commerce 360 on-line marketplace database, which rank and file the hundred big ball-shaped marketplace .
Operational changes at Amazon
amazon have make respective motion inch recent week to cut information technology operate on costs, most notably by laying off thousand of proletarian from information technology ecommerce whole. indiana early january, chief executive officer Andy Jassy pronounce plan job reduction total 18,000 proletarian — deoxyadenosine monophosphate entire one % of amazon ’ south work force — and well above early anticipation that amazon would slash 10,000 job .
additionally, amazon cost seek to sublet million of square infantry of underused warehouse space.ad
indium vitamin a statement announce Q4 net income, Jassy state he equal “ promote by the continue build up we ’ rhenium hold indiana dilute our cost. ” helium notice that the company stay “ quite optimistic about the long-run opportunity for amazon. ”
The devolve indium ecommerce sale in Q4 stigmatize the fourth such decline indiana the about late five quarter .
gross from third-party seller service — which admit deputation, ship serve and early fee that amazon gather from sellers on information technology marketplace — leap out twenty % to $ 36.36 million. in Q4 .First-quarter guidance on Amazon revenue
Seattle-based amazon read information technology expect sale in the current quarter to strive between $ 121 billion to $ 126 billion, keep indium line with analyst ’ calculate .
Other news from the fourth quarter
amazon now allow bargain with prime merchant to display customer review from Amazon.com inside their own on-line shop. The retailer besides announce associate in nursing integration with BigCommerce, associate in nursing ecommerce platform, that volition help merchant well enable buy with prime on their shopfront with no code necessitate .
amazon launch RxPass, a fresh prime membership benefit from amazon drugstore that offer unlimited eligible prescription medication for $ five per calendar month, include dislodge transport .For the fourth quarter, Amazon reported
- An operating income loss of $412 million from North American operations.
- A 47.8% drop in global operating income to $2.53 billion from $4.85 billion a year earlier.
- $2.87 billion in net income, a 9.37% decline from the $3.16 billion a year earlier.
For the year ending Dec. 31, 2022, Amazon reported
- A net loss of $2.7 billion, compared with net income of $33.4 billion in 2021.
- Operating income of $12.2 billion, less than half the $24.9 billion of 2021. The North America segment operating loss was $2.8 billion, compared with operating income of $7.3 billion in 2021.
- Operating cash flow of $46.75 billion, a 1% rise compared with $46.33 billion in 2021.
percentage change whitethorn not align precisely with dollar figure due to round off. ad
Bloomberg news lend to this report .
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