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https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-income https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-in... Amazon net profit was $278mm i
by milesskorpen 3y ago
https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-income https://www.macrotrends.net/stocks/charts/AMZN/amazon/net-in...
Amazon net profit was $278mm in Q4 2022. That's peanuts for a company of that size.
Amazon profits are not the same as company valuation. People can value a company highly and the company can make few profits (at least for a period of time). Bezos has made a ton of money because of the valuation, not profits.
- lores 3y agoAmazon is famous for reinvesting all profits into more growth. An accountant would need to dig through their books to get an idea of the costs that aren't self-serving before meaningfully estimating profits.