E-commerce giant Amazon delivered strong results this quarter, maintaining its focus on core retail strategies: low prices, a broad selection, and fast shipping. These efforts continue to drive customer engagement and loyalty. At the same time, the company’s AWS segment remains a significant growth engine, fuelled by rising demand for cloud services and expanding AI capabilities. Additionally, Amazon is making strategic investments in logistics and AI, positioning itself for long-term growth and market leadership.

Financial indicators	Q4 2023 (US$ million)	Q4 2024 (US$ million)	Percentage change
Revenue	169,961	187,792	+10.5%
North America	105,514	115,586	+9.5%
International	40,243	43,420	+7.9%
AWS	24,204	28,786	+18.9%
Operating income	13,209	21,203	+60.5%
Net income	10,624	20,004	+88.3%
Operating cash flow	42,465	45,636	+7.5%

Revenue increased 10.5% year-on-year to US$187.8 billion in Q4 2024, despite foreign exchange losses totalling US$900 million. In Q4 2024, revenue from North America and the international segment grew at a high single-digit rate year-on-year. Amazon continues to position itself as customers’ go-to e-commerce platform by expanding product selection, maintaining competitive pricing, and accelerating delivery speed. This strategy drove an 11% year-on-year increase...