Summary by Moomoo AI
Amazon's annual report for 2023 revealed a 12% increase in total revenue, growing from $514 billion to $575 billion year-over-year (YoY). The North America segment saw a 12% rise from $316 billion to $353 billion, International revenue climbed 11% from $118 billion to $131 billion, and AWS revenue jumped 13% from $80 billion to $91 billion. Operating income improved dramatically by 201% YoY, from $12.2 billion to $36.9 billion. Free Cash Flow also saw a significant uptick, adjusting from -$12.8 billion in 2022 to $35.5 billion. Customer experience enhancements across Amazon's businesses were highlighted as a key achievement, with the Stores business responding positively to a focus on selection, price, and convenience. Amazon's delivery speeds broke records in 2023, with over 7 billion items delivered the same or next day. The U.S. saw a 70% increase...Show More