Amazon Takes $2 Billion Loss i-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Amazon Takes $2 Billion Loss in Q2, Sees ‘Revenue Accelerate’ Ahead of ‘Thursday Night Football’ and ‘LOTR’ Debuts

Amazon revealed its second-quarter 2022 earnings Thursday, reporting a loss of $2 billion but an increase in ad sales and revenue, which it attributes in part to the upcoming debuts of “Thursday Night Football” (Sept. 15) and “The Lord of the Rings: The Rings of Power” (Sept. 2).

Wall Street forecasted earnings per share (EPS) of 13 cents on $119 billion in revenue, according to analyst consensus data provided by Refinitiv. Amazon reported a net loss of $2 billion, or -20 cents per diluted share, on $121.2 billion in revenue for the period of April 1-June 30. That loss includes a pre-tax valuation loss of $3.9 billion included in non-operating expense from Amazon’s common stock investment in Rivian Automotive. With favorable adjustments not counting Rivian, Amazon would have reported a gain.

$Amazon.com(AMZN)$$Nasdaq 100 Trust(QQQ)$$SPDR S&P 500 ETF Trust(SPY)$

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Comments

Patrick goh
2022-07-29
Patrick goh
Great ariticle, would you like to share it?
Ethan23
2022-07-29
Ethan23
The good is coming!
Novem678
2022-07-29
Novem678
Thank you for your update
kM
2022-07-31
kM
Should be good entry point
Dan94
2022-07-29
Dan94
great thanks for sharing
b1uesky
2022-07-29
b1uesky
thk for sharing

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Amazon reported a net loss of $2 billion, or -20 cents per diluted share, on $121.2 billion in revenue for the period of April 1-June 30. That loss includes a pre-tax valuation loss of $3.9 billion included in non-operating expense from Amazon’s common stock investment in Rivian Automotive. 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