Published , by Donovan Erskine
Published , by Donovan Erskine
Today, Amazon (AMZN) shared its Q4 2022 earnings report, detailing its financial performance over the final quarter of this past year. In the report, we get a clear look at Amazon’s revenue and earnings figures. While Amazon was able to beat earnings expectations, it fell severely short on earnings-per-share.
On the first page of Amazon’s (AMZN) Q4 2022 earnings report, the company shares that it brought in $149.2 billion in earnings in Q4, showing a nine percent increase from Q4 of 2021, which saw Amazon reel in $137.4 billion in revenue. It also beats the $145 billion expectation that Amazon was facing for the quarter. Earnings-per-share, however, is a different story. Amazon only made $.03 in earnings-per-share. This is a significant drop from the $1.39 that it made per share in Q4 2021, and well under the $.17 expectation. Amazon CEO Andy Jassy provided a statement on the results inside of the report.
In addition to its revenue and EPS numbers, Amazon's (AMZN) net income this quarter was impacted by a $2.3 billion valuation loss in Rivian (RIVN). It's a busy week for earnings releases, so stick with Shacknews for all of the information you need.