Amazon was not profitable once AWS was removed in 2022. In fact, Amazon, without AWS, generated $10.6 billion in operating losses. While Amazon, without AWS, generated $12.2. billion operating income.
This trend started in Q3 2022; Amazon would have posted an operating loss of almost $2.9 billion without AWS’s contribution to the overall operating income of $2.5 billion.
And it was confirmed by the end of 2022, as Amazon posted a $2.7 billion net loss, nonetheless AWS contribution to Amazon’s profitability.
In the meantime, AWS keeps growing at staggering rate.
Thus, skewing Amazon’s cost structure toward AWS.
Read Next: Is Amazon Profitable, Amazon Business Model, AWS Business Model, AWS Revenues.
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Is Amazon Profitable Without AWS?