Amazon Reports Increased Sales and Profit

The net sales of the American e-commerce giant Amazon reached 187.8 billion dollars in the fourth quarter of last year. The company’s net profit also reached 20 billion dollars. Amazon, the tech giant, announced its balance sheet for the period of October-December 2024. According to this, Amazon’s net sales in the last quarter of the previous year increased by about 10% compared to the same period of the previous year, reaching 187.8 billion dollars. The market expectation was that the company would announce a net sales figure of 187.3 billion dollars for this period. The company’s net sales were recorded as 170 billion dollars in the fourth quarter of 2023.
With a net profit of 20 billion dollars in the fourth quarter of last year, Amazon also achieved an increase. The company had a net profit of 10.6 billion dollars in the same period of the previous year. The e-commerce giant’s earnings per share for the last quarter of 2024 were calculated as 1.86 dollars. The company had announced earnings per share of 1 dollar in the same period of the previous year. While Amazon’s net sales increased by 11% to 638 billion dollars last year, its net profit also reached 59.2 billion dollars in the same period. Amazon announced that it expected net sales between 151 billion dollars and 155.5 billion dollars for the first quarter of this year.