From Nasdaq: 2025-02-08 03:39:00

Amazon (NASDAQ: AMZN) has reported its latest quarterly earnings, with revenue exceeding expectations at $125.5 billion. The company’s net income more than doubled to $8.1 billion, a significant jump from last year. Management attributes the strong performance to continued growth in its cloud computing and advertising businesses.

Amazon’s revenue for the quarter grew by 44% year-over-year, driven by a surge in online shopping during the pandemic. The company’s cloud computing division, Amazon Web Services, also saw a 32% increase in revenue. CEO Jeff Bezos expressed optimism about the company’s future prospects and highlighted its commitment to investing in growth opportunities.

Despite facing challenges such as increased shipping costs and supply chain disruptions, Amazon remains focused on expanding its Prime membership program and improving its delivery capabilities. The company’s advertising business is also gaining momentum, with revenue from this segment growing by 77% year-over-year. Overall, Amazon’s strong performance in the latest quarter has impressed investors and analysts alike.



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