Amazon reported on its work in the second quarter of the current fiscal year, which was closed on 30 June: the last quarter was not the best for an Internet giant. Between April and June, Amazon received $121.2 billion in revenue, an increase of about 7% over a year ago, when the company's income was $113.1 billion.
However, the operating surplus fell by more than half over the year, from $7.8 billion to $3.3 billion. Net quarterly losses amounted to $2.0 billion, or about $0.20 per security, compared to a net gain of $7.8 billion or $2.76 in the second quarter of last year.
Amazon notes that the company lost $3.9 billion in the last quarter because of the decline in its share of the Rivian Automotive, an electric car manufacturer, and the resulting losses amounted to $11.5 billion in two quarters of this year.
Also, in 2019, Jeff Bezos, who was then Director General of Amazon, announced a transaction with the Rivian for the purchase of electric vans, and the Internet giant intends to bring the fleet of such vehicles as part of its delivery service to 100,000 units by 2030.