Amazon reported its Q4 2022 earnings on Thursday.
that growth would be up between 2 and 8 percent year over year. That said, it was its least profitable Q4 ever; the company earned $0.3 billion for quarter, a sharp drop from $14.3 billion a year before.
And for the full year, the company posted a net loss of $2.7 billion, its first since 2014 and reversing a trend of rising annual profits and booming growth during the pandemic. Substantially at fault for that: Amazon noted a $12.7 billion pre-tax valuation loss in 2022 due to itsOne area that particularly underperformed last year was the company’s international business, which saw net sales decline 8 percent year over year in FY2022 after a 22 percent growth in FY2021.
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