Amazon’s Q3 earnings release on Thursday, October 27th, disappointed investors due to the company’s uncertain outlook for its typically strong Q4, despite meeting expectations for earnings in Q3. Amazon’s net sales grew 19%, but income was down significantly vs last year, and cash flow is still negative as the company faced headwinds such as strong inflation in Europe, slowing demand in the U.S., and skyrocketing energy costs. AWS revenue buoyed the company’s Q3 results, as both North America and International operations saw a net loss for the quarter. Amazon executives noted they expect all such headwinds to only continue in Q4, which is typically the company’s peak sales quarter. AWS and Advertising remained the company’s two strongest growth segments for the quarter, growing at 28% and 30%, respectively.
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