Amazon, which operates in the fields of e-commerce, cloud computing, digital flow and artificial intelligence, shared its financial report on the fourth quarter of 2024. However, it was clear how much money the company made. Here is the Amazon 2024 fourth quarter financial report and its income!
Amazon 2024 Fourth Quarter Financial Report: How much income has it provided?
The company announced profit and income above expectations in the fourth quarter. Amazon performing better than predictions, 187.79 billion dollars earned income. Market estimates 187.30 billion dollars at the level.
Amazon’s biggest income sources include Amazon Web Services (AWS) and advertising services. AWS provides 28.8 billion dollars of revenue by meeting expectations, while advertising revenues were $ 17.3 billion.
In the first quarter of 2025, Amazon expects between 151 and 155.5 billion dollars, while the market estimate is $ 158.5 billion. On the other hand, the company managed to increase its profitability. The main reason for this is that it focuses on high profit margin AWS service by reducing costs.
However, although the financial indicators are positive, the picture for Amazon is not completely perfect. So much so that AWS grows more slowly than Microsoft and Google’s cloud services and remain behind its biggest competitors. We will see together whether this situation will change in the coming years.
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