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# Amazon posted a promising result in Q4 2022 but marked the slowest year of growth in 2022
- URL: https://www.techloy.com/amazon-revenue-q4-2022/
- Published: 2023-02-03T16:13:20.000Z
- Updated: 2023-02-03T16:13:20.000Z
- Author: Emmanuel Oyedeji
- Tags: Business, Amazon, / Insights

Amazon posted better-than-expected revenue growth in its issued first-quarter guidance for the fourth quarter of 2022 on Thursday but was still its least profitable Q4 ever.

Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in Q4 2021 to beat the $145.4 billion expected by Wall Street.

[Amazon to cut over 18,000 jobsAmazon has announced that it will be cutting more than 18,000 jobs, a larger number than previously reported. This news follows Salesforce’s announcement that it will also be reducing its headcount by 10%, affecting over 7,000 employees. Both companies have stated that they hired too rapidly during…![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/size/w256h256/2021/07/techloy-dot.png)TechloyAcquah Nana Yeboah![](https://images.unsplash.com/photo-1586528116311-ad8dd3c8310d?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDEwfHxhbWF6b258ZW58MHx8fHwxNjcyOTkyOTc0&ixlib=rb-4.0.3&q=80&w=2000)](https://www.techloy.com/amazon-to-cut-over-18-000-jobs/)

However, the company earned only $0.3 billion net income in the quarter, a sharp drop from $14.3 billion a year before, hurt by higher costs, one-time charges and a decline in the value of its investment in EV maker Rivian.

Operating income in Q4 2022 declined to $2.7 billion from $3.5 billion in the previous year. The quarter also marked the beginning of significant layoffs for the e-commerce giant.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/02/Amazon-financial-highlight--Q4-2021-vs-Q4-2022---1-.png)

Its cloud business (AWS) segment sales only increased 20% year-over-year to $21.4 billion, down from 27.5% in the third quarter while its advertising revenue grew to hit a record $11.6 billion in the periodversus the $11.38 billion expected.

In its guidance for first-quarter 2023, the e-retailer said it expects to post $121 billion and $126 billion, representing year-over-year growth of 4% to 8%.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/02/Amazon-full-year-financial-highlight--2021-vs-2022---1-.png)

In the full year 2022, Amazon's revenue rose 9% to $514.0 billion in 2022, compared with $469.8 billion in 2021, and posted a net loss of $2.7 billion, its first since 2014, marking its slowest year of growth in its 25 years as a public company.