Amazon (Nov 2024)
from The Quarterly Call Hosted by The Quarterly Call
Amazon experienced strong growth in the third quarter of 2024, reporting significant increases in key financial metrics. Net sales reached $158.877 billion, representing an 11% year-over-year increase. The North America segment saw a 9% rise in revenue to $95.537 billion, while International segment revenue surged by 12% to $35.888 billion. Notably, Amazon Web Services (AWS) recorded a 19% year-over-year growth, achieving a $110 billion annualized run rate. Operating income also saw substantial improvement, reaching $17.411 billion compared to $11.188 billion in the same period last year. Both the North America and International segments contributed to this positive trend, demonstrating seven consecutive quarters of operating margin expansion. AWS played a key role, achieving a 38.1% operating margin, driven by accelerating demand, cost control measures, and adjustments to server useful life estimations.
Embed this episode
No transcript yet.