Seattle, Washington
Amazon today announced financial results for its first quarter ended March 31, 2024.
Operating Highlights:
– Net sales increased 10% to $133.7 billion in Q1 2024, compared to $121.5 billion in Q1 2023.
– Net income was $3.8 billion in Q1 2024, or $7.77 per diluted share.
– Amazon Web Services (AWS) revenue grew 27% to $22.5 billion.
Additional Highlights:
– Amazon expanded its grocery delivery and pickup service to over 10,000 locations worldwide.
– Alexa-enabled devices sold over 100 million units worldwide.
– Amazon Studios released 10 original series and movies.
Guidance:
– Net sales expected to be between $139 billion and $146 billion in Q2 2024.
– Operating income expected to be between $4.5 billion and $6.5 billion.
Contact:
Amazon Investor Relations
investor-relations@amazon.com
(206) 622-2335
About Amazon:
Amazon is a leading innovator in e-commerce, cloud computing, and artificial intelligence.
