In the three months ended March 31, Amazon made more than half its $130 million in net income from something called equity-method investments, which give the company “the ability to exercise significant influence, but not control, over an investee,” according to a filing with the Securities and Exchange Commission.
That may mean the company’s investing savvy is improving — the $89 million Amazon attributed to equity-method stakes is the most it’s reaped in at least three years. Quarterly results from those investments have ranged from a loss of $17 million to a gain of $18 million since the beginning of 2009, data compiled by Bloomberg show.
The company only discloses one investment included in that group — its 29 percent stake in LivingSocial.com, the second-largest daily deal site. LivingSocial reported more net income than Amazon in the first quarter at $156 million, up from a $60 million loss in the year-ago period.