Amazon.com, Inc. (Amazon) filed a Form 8-K report with the SEC on April 11, 2024, detailing significant financial growth and operational achievements for the fiscal year ended December 31, 2023. The company reported a 12% increase in total revenue year-over-year, rising from $514 billion to $575 billion. Segment-wise, North America revenue grew by 12%, International revenue by 11%, and AWS revenue by 13%. Operating income saw a substantial increase of 201% year-over-year, and Free Cash Flow improved by $48.3 billion. Amazon's customer experience enhancements were highlighted, including the expansion of its product selection with premium brands, the introduction of Prime Big Deal Days, and record-breaking delivery speeds. The company's advertising business also grew by 24% year-over-year. AWS continued to innovate with new...Show More

Amazon.com, Inc. (Amazon) filed a Form 8-K report with the SEC on April 11, 2024, detailing significant financial growth and operational achievements for the fiscal year ended December 31, 2023. The company reported a 12% increase in total revenue year-over-year, rising from $514 billion to $575 billion. Segment-wise, North America revenue grew by 12%, International revenue by 11%, and AWS revenue by 13%. Operating income saw a substantial increase of 201% year-over-year, and Free Cash Flow improved by $48.3 billion. Amazon's customer experience enhancements were highlighted, including the expansion of its product selection with premium brands, the introduction of Prime Big Deal Days, and record-breaking delivery speeds. The company's advertising business also grew by 24% year-over-year. AWS continued to innovate with new chip technologies and expanded its global infrastructure. Amazon's CEO, Andy Jassy, expressed optimism for the future, citing progress in emerging markets, advertising, AWS, and new business investments such as Project Kuiper and Prime Video. The company's focus on building primitives and leveraging Generative AI technology was also emphasized as a key driver for future growth and customer experience improvement.