Amazon Q4 earnings call TLDR

1 year, 9 months ago

Amazon.com reported worldwide net sales of $149.2 billion, a YoY increase of 12%, excluding forex impacts, during its Q4 2022 Financial Results Teleconference. The company also reported a net income of $278 million, including a pretax valuation loss of $2.3 billion from its common stock investment in Rivian Automotive, and invested about $7 billion in original content, live sports, and licensed third-party video content. The firm expects North America's retail segment to make big improvements in 2023 and beyond and is focused on improving the customer experience by reducing the cost of serving customers and expanding its international e-commerce footprint. Additionally, Amazon saw significant growth in its cloud computing division, AWS, due to companies moving to the cloud.