Amazon reports Record-Breaking Holiday Season, Strong 2023 Performance

Amazon.com, Inc. (NASDAQ: AMZN) today announced strong financial results for its fourth quarter and full year ended December 31, 2023:

• Net sales: Increased 14% year-over-year to $170.0 billion in Q4 and 12% to $574.8 billion for the full year 2023.
• Operating income: Increased to $13.2 billion in Q4 and $36.9 billion for the year, compared to losses in the same periods of 2022.
• Net income: Grew to $10.6 billion ($1.00 per diluted share) in Q4 and $30.4 billion ($2.90 per diluted share) for the year, reversing net losses in 2022.
• Free cash flow: Improved to an inflow of $36.8 billion for the trailing twelve months, compared to an outflow of $11.6 billion in the same period of 2022.

Q4 2023 Key Performance Indicators

• North America: Net sales increased 13% year-over-year to $105.5 billion. Operating income reached $6.5 billion, compared to an operating loss of $0.2 billion in Q4 2022.
• International: Net sales increased 17% year-over-year to $40.2 billion. Operating loss narrowed to $0.4 billion, compared to $2.2 billion in Q4 2022.
• AWS: Net sales increased 13% year-over-year to $24.2 billion. Operating income grew to $7.2 billion, compared to $5.2 billion in Q4 2022.

CEO Andy Jassy commented:

"This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon. We're pleased with the continued innovation and customer experience improvements across our businesses."

Amazon delivered a strong end to 2023, driven by a record-breaking holiday season and continued growth in its cloud computing business, AWS.

The company is making significant progress in improving its profitability, with operating income and free cash flow showing healthy gains.

Jassy emphasized the company's focus on innovation and customer experience, highlighting initiatives like faster delivery speeds, new AI capabilities in AWS, and the expansion of its advertising services.