Amazon’s Fourth-Quarter Revenue Rose 9%
Burc Oran
February 4, 2022
Amazon

The revenue of the American e-commerce giant Amazon reached 137.4 billion dollars in the last quarter of last year, an increase of 9 percent.

Amazon announced its balance sheet for the October-December period of last year. Accordingly, the company’s revenue in the fourth quarter of last year increased by 9 percent compared to the same period of the previous year and rose to 137.4 billion dollars. Amazon announced that its net sales in the same period of 2020 realized at the level of 125.6 billion dollars.

The company’s revenue reached 469.8 billion dollars in 2021, an increase of 22%.

Amazon’s net profit also rose to $14.3 billion in the last quarter of last year. The company’s net profit in the same period of 2020 was $ 7.2 billion.

Amazon Chief Executive Officer (CEO) Andy Jassy, ​​in his assessment of the company’s fourth-quarter balance sheet, stated that they are facing high costs due to the shortage in labor supply and inflationary pressures. Emphasizing that these problems continued until the first quarter of this year due to the Omicron variant that emerged in the Covid-19 outbreak, Jassy stated that they would remain optimistic despite the short-term difficulties.

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