Amazon reports its first unprofitable year since 2014

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Amazon packages move along a conveyor at an Amazon warehouse in Arizona. Ross D. Franklin/AP

Ross D. Franklin/AP

After a long run of surging profits from pandemic-era shopping sprees, Amazon is feeling the hangover. The retail and tech giant is reporting its first unprofitable year since 2014.

Amazon lost $2.7 billion last year, the company said on Thursday. This was despite holiday-season sales growing 9%. Amazon’s shares fell in after hours trading.

By far, the biggest culprit for Amazon’s losses over the year

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