Amazon Earnings Disappoint as Pandemic-Driven Growth Shifts to ‘Cost Efficiencies’

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Subscription services, which include Amazon Prime memberships, took in $8.4 billion for the quarter.

swung to a $3.8 billion loss in Q1 of 2022, though revenue beat Wall Street expectations at $116.4 billion.

“The pandemic and subsequent war in Ukraine have brought unusual growth and challenges,” said Jassy. “Today, as we’re no longer chasing physical or staffing capacity, our teams are squarely focused on improving productivity and cost efficiencies throughout our fulfillment network. We know how to do this and have done it before.

 

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