With this, Amazon closed out its slowest year of growth in its quarter century as a public company, NPR reported Feb. 2.
Six things to know about the company’s quarter four financial performance:
- Net sales for the company increased by 9 percent to $149.2 billion in the fourth quarter. In the fourth quarter of 2021, that number was $137.4 billion.
- The company saw its operating income fall to $2.7 billion in the fourth quarter, compared with $3.5 billion in the fourth quarter of 2021.
- Amazon Web Services reported 20 percent sales growth.
- Amazon said revenue in the first quarter will be $121 billion to $126 billion, according to a Feb. 2 earning report from the company.
- Amazon’s investment in the electric automaker Rivian led to a pre-tax valuation loss of $2.3 billion.
- The company reported a total net loss of $2.7 billion in 2022.
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