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    Amazon Q4 2024 earnings call: Strong retail and AWS performance


    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…





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