Amazon sales surge as it bets big on AI
Amazon saw a sales uplift during its fourth quarter results, despite shares in the business dropping.
Amazon saw a sales uplift during its fourth quarter results, despite shares in the business dropping.
The ecommerce giant saw sales rise 10% to £150.9bn for its fourth quarter ended 31 December. International sales were up 8% to £34.8bn, while US revenues increased 10% to £92.75bn for the period.
Sales in its cloud computing arm Amazon Web Services jumped 19% to £23.11bn.
The retailer said it expected sales for Q1 2025 to be between £121.15bn and £124.76bn, noting a £1.69bn impact from foreign exchange rates.
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Amazon president and CEO Andy Jassy said: “The holiday shopping season was the most successful yet for Amazon and we appreciate the support of our customers, selling partners, and employees who helped make it so.”
The results follow the business recently reporting its “fastest-ever” worldwide delivery times for those with a Prime membership last year.
More than 9 billion products arrived on the same day or the next day around the world in 2024, according to the ecommerce giant.
In January, the e-tailer announced it was planning to launch its ‘Prime Air’ delivery drone service in the UK later this year, as it sought new ways to send customers their orders.
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