Profits slid to $197m at etail giant Amazon in the three months to June 30, down from $857m at the same time last year.
Amazon prime day
Revenue was up by a quarter to $38bn (£29.1bn) during the period, but Amazon’s bottom line was hit by investment in new countries, video services and new warehouses.
The Seattle-based business plans to create more than 130,000 new jobs by mid-2018 to help further speed up delivery.
Amazon unveiled its new tech hub in Shoreditch, east London, earlier this week. The 15-storey office will eventually house 900 roles, and the company expects to have 5,000 employees across its three London offices by the end of this year.