Amazon posts Q1 results with 3.8 bln USD net loss


  • World
  • Friday, 29 Apr 2022

SAN FRANCISCO, April 28 (Xinhua) -- Amazon.com, Inc. announced Thursday financial results for its first quarter ending March 31, 2022 with a net loss of 3.8 billion U.S. dollars, or 7.56 dollars per share, down from net income of 8.1 billion dollars and a profit of 15.79 dollars per share in the same period last year.

Its net loss includes a pre-tax valuation loss of 7.6 billion dollars included in non-operating expense from the company's common stock investment in Rivian Automotive, Inc., according to Amazon.

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