Amazon’s Overseas Operating Loss Shrank in Q1

Amazon’s operating loss in its international business stood at $90 million

Amazon (AMZN) continues to lose money outside North America. The company’s revenue from outside North America rose only 9% YoY (year-over-year) in the first quarter compared to 19% in the fourth quarter. This segment’s growth has been slowing gradually over the last few quarters.

Amazon’s operating loss in its international business shrank drastically in the first quarter. The company registered an operating loss of $90 million during the quarter compared to $642 million in the fourth quarter of 2018 and $622 million in the first quarter of 2018. In 2018, the company posted an operating loss of $2.1 billion.

Amazon’s Overseas Operating Loss Shrank in Q1

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Amazon said that its Fire TV had over 30 million active users

Amazon’s hardware business has taken off recently. According to the company, Fire TV has more than 30 million active users. After it reported its fourth-quarter earnings results earlier this year, the company said that customers had purchased millions more Echo devices in 2018 compared to 2017.

Amazon’s first-quarter financial report exhibits just how much it has diversified its portfolio. The company is not only by far the leading e-commerce company in the world but also the leader in cloud infrastructure and smart speakers, among other segments.

The company now has a market cap of $936 billion—behind only Microsoft at $990 billion and Apple at $968 billion.