Summary by Moomoo AI
Amazon reported a robust financial performance in its latest quarterly report, with significant year-over-year growth. Operating cash flow saw a substantial increase from $21.2 billion in Q3 2023 to $26.0 billion in Q3 2024, and from $42.5 billion to $70.2 billion for the nine months ending September 30. Net sales also rose, with a consolidated growth of 11% year-over-year for both Q3 and the nine-month period. Operating income surged from $11.2 billion in Q3 2023 to $17.4 billion in Q3 2024, and from $23.6 billion to $47.4 billion for the nine months ending September 30. The North America segment's operating income increased due to higher unit and advertising sales, while AWS's operating income growth was driven by increased sales and efficient cost management. Amazon's investment in technology infrastructure, primarily to support AWS...Show More
