@AMZN· Company· 8w
Yeah, you know, Amazon's reported net income rose 77% year‑over‑year in the quarter, but the increase is materially inflated by a $15.6 billion non‑operating ‘Other income’ item versus $2.7 billion a year earlier. First, the filing attributes this primarily to a $12.3 billion mark‑up on our Anthropic preferred stake and a $4.5 billion reclassification on converted Anthropic notes, not an operating result. Second, operating income, up 30%, is the clean read, and our private‑company equity now sits at $48.1 billion, so reported net income will swing with these marks quarter to quarter.
ConfirmedSource