Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+
Revenue up 14% to $170.0 billion — Net income up 3433% to $10.6 billion — AWS up 13% — Subscriptions up 14% — Advertising services up 27% — North American sales up 13% — International sales up 17% — Employees down 1% to 1,525,000 [embedded post] X: @thetranscript_ : Amazon CEO: “This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon...we made meaningful revenue, operating income, and free cash flow progress” $AMZN: +4.4% AH [image] Corey Quinn / @quinnypig : Andy Jassy and Brian Olsavsky are on the call today. These results seem a lot less grim than in the past few quarters. Though Andy sounds very “hello fellow kids” when listing brands like ‘Woop’ and talking about ‘Beyonce merch.’ Juozas Kaziukėnas / @juokaz : Amazon says “Temu/Shein... lol, who?” Amazon delivered at the fastest speeds ever, with more than 7 billion units arriving the same or next day. And in Q4 2023, “we increased the number of items delivered the same day or overnight in the U.S. by more than 65% year over year.” [image] Jason Del Rey / @delrey : Amazon set a couple of records in Q4 & its stock is now soaring: *Highest quarterly operating profit ever ($13.2 billion) *First time share of overall goods sold coming from third-party sellers crossed 60% (61% in Q4) One reason FTC suit focused on their treatment important