The earnings call highlighted significant revenue and operating income growth, driven by successful Prime events, AWS expansion, and increased advertising revenue. However, there were some challenges with lower ASPs and a slight decline in the third-party sales mix. Overall, the highlights of rapid growth and robust financial performance outweigh the lowlights.

Company Guidance

In the Amazon Q3 2024 earnings call, guidance revealed robust growth across multiple metrics, with revenue reaching $158.9 billion, reflecting an 11% increase year-over-year, excluding foreign exchange impacts. Operating income surged by 56% to $17.4 billion, while trailing 12-month free cash flow adjusted for equipment finance leases climbed by 128% to $46.1 billion. The Stores business showed commendable growth, with North American sales increasing by 9% and international sales by 12%. Amazon Web Services (AWS) also demonstrated strong performance, growing 19.1% year-over-year, achieving an annualized run rate of $110 billion, and contributing significantly to the company's financial results. Advertising revenue grew by 18.8% to $14.3 billion. The call emphasized Amazon's focus on customer satisfaction, cost reduction, and strategic investments in AI and robotics to drive long-term growth and profitability.

Revenue and Operating Income Growth

Amazon reported $158.9 billion in revenue, marking an 11% year-over-year increase excluding foreign exchange impacts. Operating income rose by 56% to $17.4 billion, the highest quarterly operating income ever.

Prime Day Success

Amazon hosted its largest and most successful Prime Day and Prime Big Deal Days, helping customers save over $5 billion across more than 50 million deals.

AWS Growth and AI Expansion

AWS saw a 19.1% year-over-year growth, reaching a $110 billion annualized run rate. Amazon's AI business is growing at triple-digit percentages year-over-year and is expanding rapidly with significant investments in custom silicon like Trainium2.

Advertising Revenue Increase

Amazon's advertising segment generated $14.3 billion in revenue, growing 18.8% year-over-year.

International Segment Profitability

The international segment saw operating income of $1.3 billion, an improvement of $1.4 billion year-over-year, with continued profitability in each quarter of 2024.

Robotics and Fulfillment Innovations

Amazon launched its 12th-generation fulfillment center design in Shreveport, Louisiana, with new robotics inventions reducing fulfillment processing time by up to 25%.

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Amazon (AMZN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AMZN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2024 (Q4)	1.47 / -	1	―	―	―
Oct 31, 2024	2024 (Q3)	1.14 / 1.43	0.94	52.13% (+0.49)
Aug 01, 2024	2024 (Q2)	1.03 / 1.26	0.65	93.85% (+0.61)
Apr 30, 2024	2024 (Q1)	0.84 / 0.98	0.31	216.13% (+0.67)
Feb 01, 2024	2023 (Q4)	0.80 / 1.00	0.03	3233.33% (+0.97)
Oct 26, 2023	2023 (Q3)	0.58 / 0.94	0.28	235.71% (+0.66)
Aug 03, 2023	2023 (Q2)	0.35 / 0.65	-0.2	425.00% (+0.85)
Apr 27, 2023	2023 (Q1)	0.21 / 0.31	-0.378	182.01% (+0.69)
Feb 02, 2023	2022 (Q4)	0.17 / 0.03	1.388	-97.84% (-1.36)
Oct 27, 2022	2022 (Q3)	0.22 / 0.28	0.306	-8.50% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AMZN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$186.40	$197.93	+6.19%
Aug 01, 2024	$184.07	$167.90	-8.78%
Apr 30, 2024	$175.00	$179.00	+2.29%
Feb 01, 2024	$159.28	$171.81	+7.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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