(AMZN) Amazon Update — Q4/FY 2024
Dear readers, let’s take a moment to review Amazon’s Q4 2024 earnings. The quarter was notable for a record holiday season and strong performance from AWS, underscoring the company’s robust fundamentals. Although the stock dipped in after-hours trading, this short-term move doesn’t capture the broader, long-term story. Rather than getting sidetracked by immediate market swings, we’ll focus on how these solid results and ambitious investments in AI and cloud services could shape Amazon’s valuation going forward.
1) Executive Summary
A Record-Breaking Holiday Season
Amazon wrapped up Q4 with a record-breaking holiday season. The company reported net sales of about $187.8 billion, which is roughly a ~10% increase from last year. That strong holiday performance was driven by aggressive promotions during Black Friday, Cyber Monday, and other peak shopping days. It’s safe to say that customers really responded to Amazon’s deals.