SEATTLE — Amazon ended 2024 with a ten% enhance in web gross sales for the quarter and 11% for the 12 months. Nevertheless, its steering for the Q1 2025 is clouded by an anticipated $2.1 billion overseas change fee hit.
Web gross sales within the fourth quarter reached $187.8 billion, led by the corporate’s AWS phase, which was up 19% year-over-year, though North America and worldwide additionally booked features of 10% and eight%, respectively.
Comparable features have been achieved by these divisions for the total 12 months, with AWS up 19%, North America up 11% and worldwide up 9% for yearly web gross sales of $638 billion.
“The vacation buying season was probably the most profitable but for Amazon, and we admire the assist of our clients, promoting companions and staff who helped make it so,” stated Andy Jassy, president and CEO. “Once we look again on this quarter a number of years from now, I think what we’ll most keep in mind is the outstanding innovation delivered throughout all of our companies,” he stated, calling out AWS introductions together with the Trainium2 AI chip, in addition to Amazon Nova, Amazon Bedrock and Amazon Sagemaker.
Working revenue for the corporate elevated by $21.2 billion within the quarter vs. $13.2 billion in the identical quarter in 2023, whereas web revenue grew by $20 billion or $1.86 per diluted share vs. $10.6 billion or $1 per diluted share a 12 months earlier.
Amazon ended the total 12 months with working revenue of $68.6 billion and web revenue of $59.2 billion or $5.53 per diluted share in contrast with $30.4 billion or $2.90 per diluted share in 2023.
Together with the tech-related highlights, Amazon known as out its quickest supply speeds but for Prime members in This fall, delivering at the very least 65% extra objects the identical day or in a single day to Prime customers than in the identical quarter in 2023. Its Black Friday Week was “document breaking,” in accordance with the corporate, and its Cyber Monday deal occasion was its largest ever for unbiased sellers.
First quarter 2025 steering exhibits web gross sales of between $151 billion and $155.5 billion, a rise of 5% to 9% vs. first quarter of 2024. That is based mostly on steering that anticipates “an unusually giant, unfavorable influence” of $2.1 billion from overseas change charges. Working revenue for the primary quarter is anticipated to be between $14 billion and $18 billion compared with $15.3 billion within the first quarter of 2024.
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