{"id":7947,"date":"2022-07-31T09:13:41","date_gmt":"2022-07-31T09:13:41","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss"},"modified":"2022-07-31T09:27:02","modified_gmt":"2022-07-31T09:27:02","slug":"amazons-sales-increase-in-q2-offsets-net-loss","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss","title":{"rendered":"Amazon\u2019s sales increase in Q2 offsets net loss"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset its net loss, leading its stock price to surge more than 10% on Friday pre-market.<\/p>\n

The company\u2019s net sales reached $121.2 billion in the April-June period of the year, an increase of 7% from $113.1 billion in the same period of last year.<\/p>\n

The firm posted a net loss of $2 billion in the second quarter of this year, while it had a net income of $7.8 billion in the same period of 2021.<\/p>\n

\u201cSecond quarter 2022 net loss includes a pre-tax valuation loss of $3.9 billion included in non-operating expense from our common stock investment in Rivian Automotive, Inc.,\u201d the company said in a statement late Thursday.<\/p>\n

CEO Andy Jassy said the firm is seeing revenue accelerate with Prime membership, investment in faster shipping, free delivery from food ordering platform Grubhub, in addition to exclusive access to NFL Thursday Night Football starting Sept. 15, and the release of the series, The Lord of the Rings: The Rings of Power on Sept. 2.<\/p>\n

\u201cDespite continued inflationary pressures in fuel, energy, and transportation costs, we\u2019re making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network,\u201d he added.<\/p>\n

The company said its Prime members worldwide shopped more than any other Prime Day event this year, purchasing more than 300 million items with more than 100,000 items per minute.<\/p>\n

As net sales offset the net loss, Amazon\u2019s stock price surged 11.1% to $135.85 per share at the pre-market opening on the Nasdaq as of 8.28 a.m. EDT on Friday, after closing Thursday at $122.28 a share.<\/p>\n

 <\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset its net loss, leading its stock price to surge more than 10% on Friday pre-market. The company\u2019s net sales reached $121.2 billion in the April-June period of the year, an increase of 7% […]<\/p>\n","protected":false},"author":84,"featured_media":7946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[291,293,292],"class_list":["post-7947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nAmazon\u2019s sales increase in Q2 offsets net loss - Sierra Leone<\/title>\n<meta name=\"description\" content=\"US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset it ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon\u2019s sales increase in Q2 offsets net loss\" \/>\n<meta property=\"og:description\" content=\"US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset it ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-31T09:13:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-31T09:27:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Amazon\u2019s sales increase in Q2 offsets net loss\",\"datePublished\":\"2022-07-31T09:13:41+00:00\",\"dateModified\":\"2022-07-31T09:27:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss\",\"name\":\"Amazon\u2019s sales increase in Q2 offsets net loss - Sierra Leone\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg\",\"datePublished\":\"2022-07-31T09:13:41+00:00\",\"dateModified\":\"2022-07-31T09:27:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset it ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg\",\"width\":864,\"height\":486,\"caption\":\"Amazon\u2019s sales increase in Q2 offsets net loss\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/sierra-leone\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Amazon\u2019s sales increase in Q2 offsets net loss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#website\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/\",\"name\":\"Sierra Leone\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/sierra-leone\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Amazon\u2019s sales increase in Q2 offsets net loss - Sierra Leone","description":"US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset it ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss","og_locale":"en_US","og_type":"article","og_title":"Amazon\u2019s sales increase in Q2 offsets net loss","og_description":"US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset it ...","og_url":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss","og_site_name":"Sierra Leone","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-07-31T09:13:41+00:00","article_modified_time":"2022-07-31T09:27:02+00:00","og_image":[{"width":864,"height":486,"url":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Amazon\u2019s sales increase in Q2 offsets net loss","datePublished":"2022-07-31T09:13:41+00:00","dateModified":"2022-07-31T09:27:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss"},"wordCount":290,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg","keywords":["Africa Press","Africa Press-Sierra-Leone","Sierra-Leone"],"articleSection":["all news","homepage-english","miscellaneous"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss","url":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss","name":"Amazon\u2019s sales increase in Q2 offsets net loss - Sierra Leone","isPartOf":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg","datePublished":"2022-07-31T09:13:41+00:00","dateModified":"2022-07-31T09:27:02+00:00","author":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"US-based global e-commerce firm Amazon saw a strong revenue increase in the second quarter of this year, which offset it ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#primaryimage","url":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg","contentUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/07\/postQueueImg_11-62e64ad4a247c.jpg","width":864,"height":486,"caption":"Amazon\u2019s sales increase in Q2 offsets net loss"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/amazons-sales-increase-in-q2-offsets-net-loss#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/sierra-leone\/"},{"@type":"ListItem","position":2,"name":"Amazon\u2019s sales increase in Q2 offsets net loss"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#website","url":"https:\/\/www.africa-press.net\/sierra-leone\/","name":"Sierra Leone","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/sierra-leone\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts\/7947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/comments?post=7947"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts\/7947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/media\/7946"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/media?parent=7947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/categories?post=7947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/tags?post=7947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}