Amazon earlier announced itsFiscal Year 2024 Fourth Quarter and Full Year Financial Results, of which the fourth quarter revenue reached US$1878 billion, a year-on-year increase of 10%, while net profit reached US$200 billion, an increase of 88.7%. As for the full year revenue, it reached US$6380 billion and net profit reached US$592 billion.
In the last quarter, product sales amounted to US$822.26 billion, service sales amounted to US$1055.66 billion, online channel sales amounted to US$755.56 billion, physical channel sales amounted to US$55.79 billion, and third-party seller service sales on the Amazon platform amounted to US$474.85 billion.
In addition, Amazon's subscription service sales reached US$115.08 billion, advertising service sales reached US$172.88 billion, AWS service business sales reached US$287.86, and other business sales reached US$15.9 billion.
As for Amazon, North America remains its highest-performing market, with sales reaching US$1155.86 billion last quarter, while sales in international regions including the UK, Germany, France, Japan and China reached US$434.2 billion.
Amazon CEO Andy Jassy said that Amazon achieved extremely high sales results in the holiday shopping season last quarter, and also explained that AWS businessThere are many innovative developments, which includes the launch of a new self-made processor Trainium2, the announcement of its own large-scale natural language model Nova, and the update of Amazon Bedrock, Amazon Q and other services to promote various artificial intelligence application services.
Amazon expects sales in the first quarter of fiscal 2025 to be between $1510 billion and $1555 billion, taking into account the potential impact of exchange rate fluctuations of around $21 billion.
Earlier, Amazon announced that it would hold a press conference in New York on April 4th, Eastern Time. Panos Panay, head of Amazon's devices and services department, is expected to introduce new products and services. The market expects Amazon to unveil the rumored access to large natural language models.New version of Alexa digital assistant service.
