Amazon's earnings call highlighted strong revenue and growth in AWS and advertising, with significant advancements in delivery and Prime membership benefits. However, challenges such as foreign exchange headwinds and AWS capacity constraints were noted, though their solutions are in progress.

Company Guidance

During the Amazon.com 4th Quarter 2024 financial results call, the company reported $187.8 billion in revenue, marking a 10% year-over-year growth. Amazon faced a $700 million foreign exchange headwind, which, without it, would have resulted in an 11% revenue increase. Operating income reached $21.2 billion, up 61% from the previous year, while trailing twelve-month free cash flow, adjusted for equipment finance leases, was $36.2 billion, a $700 million increase year-over-year. The North America segment grew 10% in revenue, while the international segment expanded by 9%, excluding foreign exchange impacts. Advertising revenue also saw an 18% year-over-year rise, totaling $17.3 billion for the quarter. AWS's annualized revenue run rate reached $115 billion, with a 19% growth year-over-year. Capital investments for the fourth quarter were $26.3 billion, with a similar rate expected for 2025. The company's guidance for Q1 2025 anticipates net sales between $151 billion and $155.5 billion, with a potential $2.1 billion foreign exchange headwind and an additional $1.5 billion impact from the previous year's leap year.

Record Revenue and Operating Income

Amazon reported $187.8 billion in revenue for Q4 2024, up 10% year over year, and operating income of $21.2 billion, up 61% year over year.

Growth in Amazon Web Services (AWS)

AWS grew 19% year over year to a $115 billion annualized revenue run rate. This includes strong growth in generative AI and non-generative AI offerings.

Advertising Revenue Increase

Amazon's advertising revenue reached $17.3 billion in Q4, growing 18% year over year, resulting in a $69 billion annual revenue run rate.

Expansion in Speed of Delivery

Amazon expanded same-day delivery sites by more than 60% in 2024, now serving over 140 metro areas, and delivered over 9 billion units the same or next day globally.

Prime Membership Growth

Growth in Prime membership driven by enhanced benefits, including unlimited free shipping and exclusive events. A new benefit of fuel discounts was also introduced.

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Amazon (DE:AMZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:AMZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q1)	1.30 / -	0.934	―	―	―
Feb 06, 2025	2024 (Q4)	1.42 / 1.77	0.954	86.00% (+0.82)
Oct 31, 2024	2024 (Q3)	1.09 / 1.36	0.896	52.13% (+0.47)
Aug 01, 2024	2024 (Q2)	0.99 / 1.20	0.62	93.85% (+0.58)
Apr 30, 2024	2024 (Q1)	0.80 / 0.93	0.296	216.13% (+0.64)
Feb 01, 2024	2023 (Q4)	0.76 / 0.95	0.029	3233.33% (+0.92)
Oct 26, 2023	2023 (Q3)	0.56 / 0.90	0.267	235.71% (+0.63)
Aug 03, 2023	2023 (Q2)	0.34 / 0.62	-0.191	425.00% (+0.81)
Apr 27, 2023	2023 (Q1)	0.20 / 0.30	-0.36	182.01% (+0.66)
Feb 02, 2023	2022 (Q4)	0.17 / 0.03	1.324	-97.84% (-1.29)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:AMZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 06, 2025	€228.95	€221.50	-3.25%
Oct 31, 2024	€171.90	€183.30	+6.63%
Aug 01, 2024	€172.28	€152.80	-11.31%
Apr 30, 2024	€167.70	€169.60	+1.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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