NASDAQ:AMZN Announces Q4 Financial Results
Impressive Performance Driven by E-commerce and Cloud Computing
Today, NASDAQ:AMZN released its financial results for the fourth quarter of 2024. The company reported strong growth across its core businesses, driven by robust e-commerce sales and continued expansion of its cloud computing services.
Some key highlights from the quarter include:
- Revenue increased by 15% year-over-year to $150 billion
- Net income rose by 20% to $20 billion
- Amazon Web Services (AWS) revenue surged by 30% to $50 billion
- Prime membership grew to over 200 million subscribers worldwide
These results demonstrate the company's continued dominance in the online retail market and the growing importance of its cloud computing offerings. Investors and analysts are expected to react positively to the strong performance, further boosting Amazon's already impressive market valuation.
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