Amazon Announces Fourth Quarter Financial Results

Written by Leland Li

February 3, 2023, Inc. (NASDAQ: AMZN) reported financial results for its fourth quarter ended December 31st, 2022. “Our relentless focus on providing the broadest selection, exceptional value, and fast delivery drove customer demand in our Stores business during the fourth quarter that exceeded our expectations—and we’re appreciative of all our customers who turned to Amazon this past holiday season,” said Andy Jassy, Amazon CEO. “We’re also encouraged by the continued progress we’re making in reducing our cost to serve in the operations part of our Stores business. In the short term, we face an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon. The vast majority of total market segment share in both Global Retail and IT still reside in physical stores and on-premises datacenters; and as this equation steadily flips, we believe our leading customer experiences in these areas along with the results of our continued hard work and invention to improve every day, will lead to significant growth in the coming years. When you also factor in our investments and innovation in several other broad customer experiences (e.g. streaming entertainment, customer-first healthcare, broadband satellite connectivity for more communities globally), there’s additional reason to feel optimistic about what the future holds.”

For the fourth quarter net sales increased 9% to USD 149.2 Billion as AWS segment sales rose 20% year over year to USD 21.4 Billion. Operating income fell to USD 2.7 Billion as net income decreased to USD 0.3 Billion. For full year 2022 net sales amounted to USD 514 Billion or a 9% increase compared to 2021. Operating income fell to USD 12.2 Billion as Net loss amounted to USD 2.7 Billion.





Related Articles