Andre Yoskowitz
24 Oct 2013 23:23
Amazon has posted their quarterly results today, showing another loss but seeing growth skyrocket.
The company saw revenue jump 24 percent year-over-year to $17.1 billion, while overall they had a loss of $41 million.
"It's been a busy few months--we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button--average Mayday response times are just 11 seconds!" Amazon CEO Jeff Bezos said in a press release.
The black hole that is Living Social led to the loss for this quarter, as the company wrote down $132 million in losses on the daily deal site.
Amazon says it expects a net loss next quarter, as well, of $500 million, but revenue will see large growth to over $25 billion.