Amazon surpasses Q1 earnings estimates

Amazon has beaten its earnings estimates during its first quarter results for 2025.

Net sales were up 9% to £117bn during the quarter ended 31 March 2025, compared with £107.68bn the same time last year.

Excluding the £1.05bn unfavourable impact from year on year changes in foreign exchange rates over the quarter, Amazon noted net sales were up 10% from Q1 2024.

Operating income rose to £13.83bn over the period from £11.5bn the year before, while net income jumped to £12.85bn during the quarter, compared to £7.82bn the same time last year.

Amazon CEO and president Andy Jassy said: “We’re pleased with the start to 2025, especially our pace of innovation and progress in continuing to improve customer experiences.

“From Alexa+ (our next generation of Alexa that’s meaningfully smarter, more capable, and takes actions for customers), to another delivery speed record for our Prime members, to our new Trainium2 chips and Bedrock model expansion that make it easier for AWS customers to train models and run inference more flexibly and cost-effectively, to our first Project Kuiper satellites successfully launching into low earth orbit in our quest to provide broadband access to hundreds of millions of households in rural areas without it today—we’re continuing to find meaningful ways to make customers’ lives easier and better every day.”

Looking ahead, the ecommerce giant forecasts net sales to be between £119.48bn and £123.24bn during the second quarter of 2025, assuming that no additional business acquisitions, restructurings, or legal settlements were concluded.

Operating income was also expected to be between £9.77bn and £13.15bn, compared to £11.05bn during the second quarter of 2024.

The results come after Amazon reported a sales uplift during its fourth quarter results in February, despite shares in the business dropping.

The company 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.

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