Starting sixth after being promoted by Charles Leclerc withdrawing from pole, Hamilton was bottled behind Pierre Gasly's AlphaTauri throughout the first stint of the race.
Mercedes pulled in the seven-time champion first in an attempt to undercut the Frenchman, but following that failure both Sebastian Vettel and Sergio Perez were able to overcut the pair to leave Hamilton finishing seventh.
Referring to the pit window, Hamilton told Sky Sports F1: "Three places it cost us - I don't really have a reaction to it.
"We will do all of our discussion in the background and we will work together and try and come out of it stronger.
"We underperformed all weekend as a team from the get-go so we will just put our focus onto the next race. Congratulations to Max and his team, they did a great job."
With the next race being another street circuit in Baku, Hamilton remained reserved about his chances of a quick bounce back.
"I would be guessing but it is another street circuit, another one that is really cold and a very smooth circuit which is another one that we could struggle at again, similar to here," added Hamilton.
"We are just going to have to try to work and minimise that loss."
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