Is Amazon still losing money?
Yesterday (July 25) Amazon shared results for that second quarter.
The company posted $2.6 billion in quarterly profit, missing the $2.8 billion analysts had expected.
Amazon famously lost money for its first 17 straight quarters as a public company, bleeding a combined $2.8 billion.
Is Amazon really profitable?
Share All sharing options for: Amazon is wildly profitable but it’s still taking huge losses overseas. Amazon reported first quarter earnings results today with eye-popping sales of $51 billion, up by nearly 43 percent year over year, and a net profit of $1.6 billion.
How long until Amazon is profitable?
four to five years
What is Amazon’s most profitable business?
Retail remains Amazon’s primary source of revenue, with online and physical stores accounting for the biggest share. Amazon Advertising Services is one of company’s fastest growing businesses.