Amazon.com Inc (AMZN) reports a 61% surge in operating income and strong performance in AWS and advertising segments despite facing foreign exchange challenges.

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter.

Amazon faced ~900 Mn FX headwind in 4Q’24 which was ~700 mn higher than assumed. For the third consecutive quarter, AWS grew 19% YoY. Despite the North America segment being more than 2.5x the size of the International segment, it grew by 10% whereas international revenue increased by 9%.

Good day, everyone, and welcome to the Amazon.com fourth quarter 2024 financial results teleconference. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session.

Amazon’s Q4 2024 earnings call will take place today at 2 p.m. PT/5 p.m. ET. We’ll be streaming it on the Shacknews YouTube channel. You can also find it on Amazon’s investor relations website.

Tech giant Amazon’s (NASDAQ:AMZN) cloud computing arm has missed its revenue expectations, which raises concern about the tech company’s investment in AI. The company announced on Thursday that its cloud division,

Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) in Q4 CY2024, with sales up 10.5% year on year to $187.8 billion. On the other hand, next quarter’s revenue guidance of $153.3 billion was less impressive,

Amazon shares have increased roughly 5.8% in the previous month, reflecting investing optimism ahead of the earnings report. Beyond earnings, Amazon is navigating other challenges