Feb. 8, 2024
SEATTLE – Fourth quarter results (the quarter ended Dec. 31, 2023) are in for Amazon.com with the Seattle-based juggernaut reporting a net sales increase of 14% to $170 billion, compared with $149.2 billion in fourth quarter 2022. Excluding the $1.3 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with fourth quarter 2022.
North America segment sales increased 13% year-over-year to $105.5 billion. International segment sales increased 17% year-over-year to $40.2 billion, or 13% excluding changes in foreign exchange rates. Amazon Web Services (AWS) segment sales increased 13% year-over-year to $24.2 billion.
“This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon,” said Andy Jassy, Amazon CEO via press release issued on Feb. 1. “While we made meaningful revenue, operating income, and free cash flow progress, what we’re most pleased with is the continued invention and customer experience improvements across our businesses. The regionalization of our U.S. fulfillment network led to our fastest-ever delivery speeds for Prime members while also lowering our cost to serve.
“AWS’s continued long-term focus on customers and feature delivery, coupled with new genAI capabilities like Bedrock, Q, and Trainium have resonated with customers and are starting to be reflected in our overall results,” Jassy continued. “Our Advertising services continue to improve and drive positive results; our newer businesses are progressing nicely, and along with our more established businesses, collectively making customers’ lives easier and better every day. As we enter 2024, our teams are delivering at a rapid clip, and we have a lot in front of us to be excited about.”
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