Amazon Reports Strong Q4 2024 Earnings, witnessing a 10% growth.
In Q4 2024, Amazon reported impressive earnings with sales rising to $187.8 billion from $170.0 billion in Q4 2023 due to continued growth across several business verticals. This growth demonstrates a strong shift within consumer behavior and high demand.
During this time last year, the company reported a net sales figure of $13.2 billion which increased to $21.2 billion for the most recent quarter. Net income followed a similar pattern, growing from 10.6 billion dollars to 20 billion dollars for the 2023 and 2024 year respectively. NC per diluted share increased by $1.86.
The North America segment continues to expand in revenue outpacing all other segments, yielding $115.6 billion which caused a $43.4 billion increase within the international segment. Amazon Web Services (AWS) sales also grew by 19% marking its total sales to $28.8 billion.
While Amazon’s Q1 revenue estimates did exceed expectations, the company did forecast revenue between $151 billion and $155.5 billion, lower than the anticipated $158.56 billion.
According to CEO Andy Jassy, the company is making strides in AI and cloud computing, especially at AWS. He reiterated Amazon’s focus on innovation and productivity throughout the entire business unit.
While investors remain skeptical about the markets, Amazon continues to showcase strong financial performance and growth. Revenue and cashing prowess at stake in the company’s strategic shifts that will be observed as the company approaches 2025.
