Amazon records its first quarterly loss since 2015 as costs, and Saleh Rifian weighs the results 2022-04-28 16:04:00

[ad_1] It posted its first quarterly loss since 2015 after sales growth slowed dramatically in the first three months of the year and the company continued to grapple with rising costs and faltering online shopping.

The tech giant’s revenue rose about 7% in the January-March period, the slowest pace in nearly two decades as consumers return to pre-pandemic habits and spend more money in person in stores. It lost $3.8 billion in the quarter, compared to a profit of $8.1 billion a year ago, when A surge in online orders due to the pandemic Amazon’s horizons raised.