Amazon reported fourth-quarter 2022 revenue of $149.2 billion, up 9% year over year.
’s top-line growth in the last three months of 2022 was far better than investors expected, while its bottom line fell short.
The ecommerce kingpin’s fourth-quarter 2022 results handily beat Wall Street sales forecasts. Amazon reported revenue of $149.2 billion billion, up 9% year over year. Net income of $278 million , compared with $14.3 billion a year earlier, was hurt by higher costs and a decline in the value of Amazon’s investment in electric-vehicle maker Rivian. Q4 is historically Amazon’s biggest quarter, encompassing the holiday-shopping season.
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