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.

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 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%.

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

The revenue figure for AWS can be found in Amazon’s Q4 2024 earnings report. Amazon Web Services, which provides server infrastructure for countless games, websites, and streaming services, brought in $28.8 billion in revenue, accounting for a solid chunk of the company’s overall $187.8 billion for the quarter.

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,

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.

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,