Amazon Q3 2024 Earnings Update

Summary:

  • Amazon has posted another impressive quarter. Every part of the business seems to be trending well, and moving in the right direction.
  • Except 1P, every segment of the business is growing at a double-digit rate. Both AWS and advertising grew at 19% YoY.
  • Both North America and international segment posted their seventh consecutive YoY operating margin improvement.
  • While both Azure and Google Cloud accelerated in 3Q, AWS growth remained steady at 19%, same as 2Q’24.

Exterior view of the Amazon Logistics delivery agency in Velizy-Villacoublay, France

HJBC

Like clockwork, Amazon (NASDAQ:AMZN) has posted another impressive quarter. Every part of the business seems to be trending well, and moving in the right direction.

Here are my highlights from yesterday’s call.

Revenue

Except 1P, every segment of the



Leave a Reply

Your email address will not be published. Required fields are marked *