Amazon Reports $187.8Bn in Q4 2024 Sales, AWS Growth Surges 19%

📊 Amazon Reports $187.8 Billion in Q4 2024 Sales, AWS Growth Hits 19%

Amazon has posted better-than-expected earnings for Q4 2024, with net sales increasing 10% year-over-year to reach $187.8 billion. The e-commerce and cloud giant surpassed Wall Street’s revenue expectations of $187.3 billion.

💰 Amazon’s Strong Financial Performance in Q4 2024

• 📈 Net Sales: Increased 10% from $170 billion (Q4 2023) to $187.8 billion (Q4 2024).
• 📊 Operating Income: Rose to $21.2 billion, compared to $13.2 billion in Q4 2023.
• 💵 Net Income: Surged to $20.0 billion ($1.86 per diluted share), exceeding expectations of $1.49 per share.

📢 CEO Andy Jassy on Amazon’s Record-Breaking Holiday Season

Amazon CEO Andy Jassy credited the company’s success to strong consumer demand and partnerships:

"The holiday shopping season was the most successful yet for Amazon, and we appreciate the support of our customers, selling partners, and employees who helped make it so."

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☁️ AWS Powers Amazon’s Growth with 19% Revenue Surge

The company’s cloud computing division, Amazon Web Services (AWS), continues to be a key driver of profitability:

• 📊 AWS Revenue: Increased 19% year-over-year to $28.8 billion.
• 💵 AWS Operating Income: Rose to $10.6 billion, compared to $7.2 billion in Q4 2023.

📺 Amazon Advertising & Prime Video See Significant Gains

• 📈 Advertising Revenue: Increased 18% to $17.3 billion.
• 🏈 Prime Video: Benefited from its long-term NFL deal, turning Black Friday into a major football event.

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📆 Full-Year 2024 Financial Highlights

Amazon reported significant growth across its core business segments:

• 📈 Total Net Sales: Up 11% to $638 billion (compared to $574.8 billion in 2023).
• 💰 Operating Income: More than doubled to $68.6 billion (vs. $36.9 billion in 2023).
• 📊 Net Income: Nearly doubled to $59.2 billion ($5.53 per share).
• ☁️ AWS Annual Sales: Increased 19% to $107.6 billion.

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📅 Q1 2025 Outlook: Growth Continues Despite Challenges

For Q1 2025, Amazon expects:

• 📊 Sales growth of 5% to 9%, reaching between $151 billion and $155.5 billion.
• 📆 The absence of Leap Year’s extra day could reduce revenue by $1.5 billion.
• 💱 Foreign exchange rate fluctuations may lead to a projected $2.1 billion loss.

🏦 Amazon Expands Financial Services in India

Amazon is expanding its footprint in the Indian financial services sector:

• 💳 Acquired fintech firm Axio for $150 million, strengthening its position in consumer lending.
• 📢 Plans to offer more financial products to Indian consumers.

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Amazon Q4 2024 earnings, AWS growth, Amazon revenue report, Amazon net income, e-commerce financials, cloud computing revenue, Prime Video advertising growth, Amazon fintech expansion, Blogs by Gaurav Singh (gauravsinghigc)