Summary by Moomoo AI
Amazon has reported a robust financial performance for the year ended December 31, 2023, with significant growth in net sales and operating income. The company's net sales increased by 12% year-over-year to $574.785 billion, with North America, International, and AWS segments contributing to the rise. Operating income saw a substantial rise to $36.852 billion, compared to $12.248 billion in the previous year. This increase is attributed to higher unit sales, advertising sales, and efficient management of operating costs. Amazon's focus on customer experience improvements, such as faster delivery and increased product selection, has been a key driver of sales growth. The company's operating cash flow also saw a notable increase to $84.946 billion, up from $46.752 billion in the previous year. Amazon's...Show More