29 July 2022
We review Amazon’s second quarter results and the outlook for the year ahead as it continues to take costs out of the business.
Q2 key numbers
Total net sales increased 7.2% to $121,234m
Net product sales decreased 2.5% to $56,675m
Net service sales increased 17.4% to $64,659m
Operating income fell from $7,702m to $3,317m year-on-year
Net income fell to -$2,028m, compared to ...