Amazon.Com, Inc. ( (AMZN) ) has released its Q4 earnings. Here is a breakdown of the information Amazon.Com, Inc. presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Amazon.com, Inc., a leader in e-commerce and cloud computing, announced impressive fourth-quarter and full-year 2024 financial results, showcasing significant growth across its segments. The Seattle-based company, known for its customer-centric approach and technological innovation, continues to expand its presence in both retail and cloud services.
Amazon reported a 10% increase in net sales for the fourth quarter of 2024, reaching $187.8 billion, with notable growth in its AWS segment, which saw a 19% rise in sales. Operating income surged to $21.2 billion, marking a significant improvement from the previous year. For the full year, Amazon achieved an 11% increase in net sales, totaling $638.0 billion, and a remarkable 86% growth in operating income, amounting to $68.6 billion.
The company’s strong performance was driven by robust sales in North America and international markets, as well as continued success in its AWS cloud services. AWS alone contributed $39.8 billion in operating income for the year. Amazon’s strategic initiatives, such as the launch of new AI technologies and expansion of its Prime delivery services, further strengthened its market position.
Looking ahead, Amazon remains focused on innovation and customer satisfaction, with expectations of continued sales growth despite challenges like foreign exchange rate impacts. The company anticipates net sales growth between 5% and 9% for the first quarter of 2025, reflecting its resilience and strategic foresight in navigating an evolving economic landscape.
