Number represents an increase of 229% compared to the same period last year; revenue grew 12.5% ​​compared to 2023

Amazon recorded a net profit of US$10.43 billion in the 1st quarter of 2024. The value is almost 3 times higher than that recorded in the same period last year, when it was US$3.17 billion. Revenue grew 12.5% ​​compared to 2023, totaling US$ 143.31 billion. Here is the full report (PDF – 336 kB, in English).

Net income per share was US$0.98, compared to US$0.31 recorded from January to March 2023.

North America segment sales increased 12% year-over-year to $86.3 billion. Sales in the international segment increased by 10%, totaling US$ 31.9 billion.

“The start of the year was positive in all aspects of the business, and this is reflected in both improved customer experience and financial results” said Andy Jassy, ​​president and CEO of Amazon. “It’s still early days across all of our businesses and we remain excited about how much more we can improve and make customers’ lives easier in the future”continued.

Sales in the AWS (Amazon Web Service) segment – ​​the company’s cloud service – increased 17% compared to the previous year, totaling US$ 25 billion.

“The combination of companies renewing their infrastructure modernization efforts and the appeal of AWS AI capabilities is accelerating our rate of growth”added Jassy.


Leave a Reply