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Amazon’s quarterly profits soar to a record $20 billion

Hosted on MSN · 1h

Amazon shares drop as cloud growth, sales forecast lag

By Greg Bensinger, Deborah Mary Sophia (Reuters) -Amazon.com investors drove shares down sharply on Thursday due to weakness in the retailer's cloud computing unit and lower-than-expected forecasts for first-quarter revenue and profit.

Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short

Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.

Seattle Times · 9h

Amazon profits last year soared, but growth is slowing

Amazon almost doubled its profits in 2024 compared to the year before, but it missed some analysts expectations in its cloud division and issued a warning for slow sales growth in 2025.

Q4, Amazon and AWS

Shacknews · 7h

Amazon (AMZN) AWS Q4 2024 revenues grew 19% to $28.8 billion from Q4 2023

The revenue figure for AWS can be found in Amazon’s Q4 2024 earnings report. Amazon Web Services, which provides server infrastructure for countless games, websites, and streaming services, brought in $28.8 billion in revenue, accounting for a solid chunk of the company’s overall $187.8 billion for the quarter.

Business Insider · 8h

Amazon reports Q4 AWS net sales $28.79B vs. $24.2B last year

AWS operating income of $10.63B vs. $7.17B last year.Maximize Your Portfolio with Data Driven Insights:Leverage the power of

TheWrap on MSN · 8h

Amazon Ad Revenue Rises 18% to $17.3 Billion in Q4

Amazon's advertising sales services revenue rose 18% to $17.3 billion during its fourth quarter of 2024. The category includes sales to sellers, vendors, publishers, authors and others through programs such as sponsored ads,

6hon MSN

Amazon on pace for $100B+ in yearly capex; Jassy expects cost efficiencies to drive AI demand

Amazon CEO Andy Jassy says the trends represented by DeepSeek should stoke AI demand long-term. (GeekWire File Photo / Taylor ...

5hon MSN

Amazon Earnings: Shares Fall After Sales Outlook Is Weaker Than Expected

Amazon.com shares slipped Thursday after the company projected lower-than-expected sales and operating income and said it ...

4h

Amazon Web Services says GameLift can support up to 100M concurrent users per game

Amazon Web Services (AWS) said it has benchmark tested support for up to 100 million concurrent users (CCU) for a single game.

8h

Amazon's AWS miss adds to Big Tech's cloud woes

Amazon (AMZN) stock is in focus after the company reported quarterly results and released weaker-than-expected first quarter ...

8hon MSN

Amazon reports strong earnings for Q4, but stocks dip due to guidance for the 1st quarter

The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, ...

5h

Amazon CEO says cloud business would have grown faster if it had more AI chips, power, and server components

AWS's growth is slowed by AI chip shortages and server constraints, CEO Andy Jassy said, as the company plans significant capital investment.

6hon MSN

Amazon set to pass Walmart in revenue for first time

Walmart, which is often dubbed the world’s biggest retailer in reference to its revenue, still leads the way when it comes to ...

4hon MSN

Amazon Follows Google, Meta, and Microsoft With Plans To Boost Spending on AI

Key Takeaways Amazon said it expects to spend over $100 billion in capital expenditures this year, with the "vast majority" ...

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