Market Updates
Amazon Grapples With Slowing Growth, Rising Costs
Scott Peters
28 Apr, 2022
New York City
Amazon.com, Inc said first quarter 2022 revenues increased 7% to $116 billion, net loss was $3.6 billion compared to net income of $8.1 billion a year ago.
Diluted loss per share in the quarter was $7.56 compared to profit of $15.79 a year ago.
In the quarter, net sales growth in North America slowed to 8% from 40%, international sales declined 6% from 60% increase, and AWS sales rose 37% from 32% in the quarter a year ago.
Worldwide quarterly sales growth has been steadily declining in the last five quarters from 42% in the last quarter of 2020 to 9% in the first quarter of 2022.
North America segment sales growth has been also on slide from 40% to 8% in the same period.
Amazon also recorded a $7.6 billion loss on its investment in Rivian after the share of the electric maker declined in the quarter resulting in a loss of $3.8 billion.
Outlook and Guidance
The online retailer estimated second quarter sales to increase between 3% and 7% or to between $116.0 billion and $121.0 billion.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|