Site icon Digital Commerce 360

Amazon posts a $3.8 billion Q1 loss despite a jump in AWS revenue

Amazon posts a $3.8 billion Q1 loss despite 7% revenue growth

Amazon.com Inc. reported its first quarterly loss since 2015, despite a rise in overall revenue, as ecommerce sales declined and costs rose. Amazon reported total revenue of $116.444 billion in Q1 2022, up about 7% compared with $108.518 billion during the same period in 2021, and a net loss of $3.844 billion, compared with net […]

Exit mobile version