Amazon, which operates in e-commerce, cloud computing, digital streaming and artificial intelligence, shared its financial report for the fourth quarter of 2024. With this, it became clear how much money the company earned. Here is Amazon 2024 fourth quarter financial report and revenue!
Amazon 2024 fourth quarter financial report: How much revenue did it generate?
The company announced profit and revenue above expectations in the fourth quarter. Performing better than forecasts, Amazon generated $ 187.79 billion in revenue. Market estimates were at $ 187.30 billion.
Amazon 2024 fourth quarter financial report: How much revenue did it generate?
Amazon Web Services (AWS) and advertising services stand out among Amazon’s largest revenue sources. AWS met expectations and generated $ 28.8 billion in revenue, while advertising revenue was $ 17.3 billion.
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Amazon expects revenue between $ 151 and $ 155.5 billion in the first quarter of 2025, while the market forecast is $ 158.5 billion. On the other hand, the company has also managed to increase its profitability. The biggest reason for this is its focus on the high-margin AWS service by reducing costs.
However, although the financial indicators are positive, the picture for Amazon is not completely flawless. So much so that AWS is growing slower than Microsoft and Google’s cloud services and continues to lag behind its biggest competitors. We will see whether this situation will change in the coming years.
