Home ยป Growth Surges: Amazon’s Business Performance Report Highlights Stellar Growth in AWS and Advertising Sectors

Growth Surges: Amazon’s Business Performance Report Highlights Stellar Growth in AWS and Advertising Sectors

In the third quarter of 2024, Amazon reported a net sales increase of 11% from the same period last year, reaching $158.877 billion, with a net income growth to $15.328 billion.

AWS revenue surged by 19% in the past quarter, totaling $27.452 billion. This segment also saw an operating income rise to $10.447 billion.

The figures for AWS indicate a high demand for cloud services from customers. In comparison to last year, AWS revenue grew at a rate of 12%, aligning with other cloud service providers’ recent reports. Microsoft’s Azure revenue increased by 33%, while Google Cloud’s revenue saw a 35% boost.

Another standout area of growth for Amazon in the past quarter was advertising, with revenue climbing by 19% to $14.331 billion.

Source: Amazon

TLDR: Amazon’s net sales and income increased in the third quarter of 2024, with AWS revenue rising by 19% and advertising revenue up by 19%.

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