Amazon announced its financial results for the fourth quarter and full year ended December 31, 2024,
The company recorded a Q4 net sales increase of 10% to $187.8 billion, compared with $170.0 billion in 2023. The company’s North America segment sales increased 10% to $115.6 billion
Amazon’s full-year net sales increased 11% to $638.0 billion in 2024, compared with $574.8 billion in 2023. Full-year North American sales increased 10% to $387.5 billion.
Andy Jassy, Amazon’s President and CEO told investors, “When we look back on this quarter several years from now, I suspect what we’ll most remember is the remarkable innovation delivered across all of our businesses, none more so than in AWS where we introduced our new Trainium2 AI chip, our own foundation models in Amazon Nova, a plethora of new models and features in Amazon Bedrock that give customers flexibility and cost savings, liberating transformations in Amazon Q to migrate from old platforms, and the next edition of Amazon SageMaker to pull data, analytics, and AI together more concertedly. These benefits are often realized by customers (and the business) several months down the road, but these are substantial enablers in this emerging technology environment and we’re excited to see what customers build.”
Following the announcement, Amazon stock fell 3.3% in premarket trading today, as investors perceived that the company anticipates subdued growth for the first quarter of 2025.
Amazon’s Q1 2025 guidance sets net sales at between $151.0 billion and $155.5 billion, a growth of between 5% and 9% compared to the first quarter of 2024.
By CEO NA Editorial Staff
