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> We are seeing a bit of a market downturn - but it hasn’t hit Amazon pocketbook now, has it? Um, yes? Honestly, I'm not sure how one could sincerely make thi

by wdr1 4y ago

> We are seeing a bit of a market downturn - but it hasn’t hit Amazon pocketbook now, has it? Um, yes? Honestly, I'm not sure how one could sincerely make this statement. Amazon's net income for Q3 '22 is roughly a third of its net income Q4 '21. If losing 2/3rds of your revenue isn't considered hitting the pocketbook, I don't want is. Now you could yada yada yada they're still profitable, but that's a different argument. Amazon was seeing 20-30% growth of its revenue. Their expenses were also growing at a similar base. Now that top line revenue isn't there, they need to address how to address bottom line growth.

skybrian 4y ago
Net income is not revenue, so you got your signals crossed somewhere. From: https://www.statista.com/statistics/273963/quarterly-revenue-of-amazoncom/ https://www.statista.com/statistics/273963/quarterly-revenue... Revenue Q3 2022: $127 billion Revenue Q4 2021: $137 billion Note the stair-step graph. Q4 is Christmas so it's a lot higher. That's why we normally compare numbers with a year earlier. Revenue Q3 2021: $111 billion
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