E-commerce giant Amazon delivered strong results this quarter, maintaining its focus on core retail strategies: low prices, a broad selection, and fast shipping. These efforts continue to drive customer engagement and loyalty. At the same time, the company’s AWS segment remains a significant growth engine, fuelled by rising demand for cloud services and expanding AI capabilities. Additionally, Amazon is making strategic investments in logistics and AI, positioning itself for long-term growth and market leadership.
| Financial indicators | Q4 2023 (US$ million) | Q4 2024 (US$ million) | Percentage change |
| Revenue | 169,961 | 187,792 | +10.5% |
| North America | 105,514 | 115,586 | +9.5% |
| International | 40,243 | 43,420 | +7.9% |
| AWS | 24,204 | 28,786 | +18.9% |
| Operating income | 13,209 | 21,203 | +60.5% |
| Net income | 10,624 | 20,004 | +88.3% |
| Operating cash flow | 42,465 | 45,636 | +7.5% |
Revenue increased 10.5% year-on-year to US$187.8 billion in Q4 2024, despite foreign exchange losses totalling US$900 million. In Q4 2024, revenue from North America and the international segment grew at a high single-digit rate year-on-year. Amazon continues to position itself as customers’ go-to e-commerce platform by expanding product selection, maintaining competitive pricing, and accelerating delivery speed. This strategy drove an…
