Amazon.com has announced that its 2015 fourth quarter (4Q) sales were up 22% to $35.7bn.
The company also yesterday (28 January) reported a net income (or profit) of $482m compared to $214m for Q4 2014. However, this figure – although huge by standards of most companies – fell short of analysts’ expectations and the value of Amazon’s shares fell in after-hours trading.
For the 2015 full year, net sales increased 20% to $107bn, compared with $89bn in 2014. Operating income was $2.2bn, compared with operating income of $178m in 2014.
Net income was $596m, compared with net loss of $241m in 2014.
Commenting on the results, Jeff Bezos, founder and CEO of Amazon.com., said: “Twenty years ago, I was driving the packages to the post office myself and hoping we might one day afford a forklift. This year, we pass $100 billion in annual sales and serve 300 million customers. And still, measured by the dynamism we see everywhere in the marketplace and by the ever-expanding opportunities we see to invent on behalf of customers, it feels every bit like Day 1.”