Skip to content
Subscriber Only

Amazon CEO Bezos Faces Season of Worsts as Losses Mount

Updated on

For Inc. Chief Executive Officer Jeff Bezos, it’s turning into a season of worsts.

As Amazon heads into the lucrative end-of-year shopping period, the company yesterday posted its biggest quarterly net loss since at least 2003, according to data compiled by Bloomberg. It also forecast sales and profit for the fourth quarter that missed analysts’ projections. That puts Amazon on track to lose an estimated $40.5 million for the year, which would be the company’s largest annual loss in 12 years, according to data compiled by Bloomberg. The only other annual loss for Amazon during that period came in 2012.