On February 1, 2024, Amazon.com, Inc. reported its financial results for the fourth quarter of 2023 and the full year ended December 31, 2023. The announcement highlighted a significant increase in net sales, operating income, and net income compared to the previous year. For the fourth quarter, net sales rose 14% to $170.0 billion, with North America, International, and AWS segments all reporting year-over-year growth. Operating income for the quarter increased to $13.2 billion, up from $2.7 billion in the fourth quarter of 2022. Net income saw a substantial rise to $10.6 billion, or $1.00 per diluted share, compared with $0.3 billion, or $0.03 per diluted share, in the same period of the previous year. The full year 2023 results also reflected growth, with net sales up 12% to $574.8 billion and operating income...Show More

On February 1, 2024, Amazon.com, Inc. reported its financial results for the fourth quarter of 2023 and the full year ended December 31, 2023. The announcement highlighted a significant increase in net sales, operating income, and net income compared to the previous year. For the fourth quarter, net sales rose 14% to $170.0 billion, with North America, International, and AWS segments all reporting year-over-year growth. Operating income for the quarter increased to $13.2 billion, up from $2.7 billion in the fourth quarter of 2022. Net income saw a substantial rise to $10.6 billion, or $1.00 per diluted share, compared with $0.3 billion, or $0.03 per diluted share, in the same period of the previous year. The full year 2023 results also reflected growth, with net sales up 12% to $574.8 billion and operating income more than tripling to $36.9 billion. Net income for the year was reported at $30.4 billion, or $2.90 per diluted share, a significant turnaround from a net loss in 2022. The company attributed its strong performance to a record-breaking holiday season, improvements in delivery speeds and cost management, and advancements across its businesses, including AWS and advertising services. Amazon CEO Andy Jassy expressed satisfaction with the company's progress and highlighted the continued invention and customer experience improvements. The report also provided guidance for the first quarter of 2024, with expected net sales growth of 8% to 13% and operating income between $8.0 billion and $12.0 billion.