Amazon announced its balance sheet for the January-March period.
Accordingly, Amazon’s revenue in the first quarter of this year increased by approximately 9 percent compared to the same period last year, reaching $127.4 billion. The company’s net sales in the first quarter of 2022 were recorded as $116.4 billion.
Amazon’s net profit was also $3.2 billion in the first quarter. The company reported a loss of $3.8 billion in the same period last year.
The net profit per share of the e-commerce giant was calculated as 31 cents in the first quarter of this year. The company had lost 38 cents per share in the same period last year.