{"id":14745,"date":"2024-05-01T09:25:35","date_gmt":"2024-05-01T03:55:35","guid":{"rendered":"https:\/\/bigbreakingwire.in\/amazon-beats-q124-earnings-estimates-with-strong-revenue-growth-and-segment-performance\/"},"modified":"2024-05-01T09:25:35","modified_gmt":"2024-05-01T03:55:35","slug":"amazon-beats-q124-earnings-estimates-with-strong-revenue-growth-and-segment-performance","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/amazon-beats-q124-earnings-estimates-with-strong-revenue-growth-and-segment-performance\/","title":{"rendered":"Amazon Beats Q1’24 Earnings Estimates with Strong Revenue Growth and Segment Performance"},"content":{"rendered":"
<\/div>\n

Amazon’s Q1’24 earnings:<\/strong><\/p>\n\n\n\n

Amazon reported earnings per share (EPS) of $0.98 for Q1’24, surpassing estimates of $0.83.<\/p>\n\n\n\n

Net sales for the quarter reached $143.31 billion, slightly above the estimated $142.59 billion and marking a 13% year-over-year (YoY) increase.<\/p>\n\n\n\n

Amazon Web Services (AWS) generated $25.04 billion in sales, beating expectations of $24.11 billion and showing a 17% YoY growth.<\/p>\n\n\n\n

The Q2’24 outlook forecasts revenue between $144 billion and $149 billion, below the estimated $150 billion.<\/p>\n\n\n\n

Operating income stood at $15.31 billion, surpassing the estimated $10.95 billion and significantly rising from $4.77 billion YoY.<\/p>\n\n\n\n

Operating margin was 10.7%, exceeding the estimated 7.63%.<\/p>\n\n\n\n

Segment performance showcased:<\/strong>
\u00a0\u00a0 – Online stores sales reached $54.67 billion, slightly below the estimated $54.77 billion but reflecting a 7% YoY increase.
\u00a0\u00a0 – Physical stores sales amounted to $5.20 billion, surpassing the estimated $5.08 billion and showing a 6.3% YoY growth.
\u00a0\u00a0 – Third-party seller services sales totaled $34.60 billion, slightly below the estimated $34.63 billion, with a 16% YoY increase.
\u00a0\u00a0 – AWS sales hit $25.04 billion, surpassing estimates and growing by 17% YoY.
\u00a0\u00a0 – North America sales amounted to $86.34 billion, surpassing estimates and rising by 12% YoY.
\u00a0\u00a0 – International sales reached $31.94 billion, slightly below estimates, with a 9.7% YoY increase.<\/p>\n\n\n\n

Other notable metrics include:<\/strong>
\u00a0\u00a0 – Third-party seller services sales excluding foreign exchange (FX) grew by 16% YoY.
\u00a0\u00a0 – AWS sales excluding FX increased by 17% YoY.
\u00a0\u00a0 – Seller unit mix rose to 61%, up from 59% YoY and exceeding the estimated 59.5%.
\u00a0\u00a0 – Fulfillment expense reached $22.32 billion, slightly below the estimated $22.4 billion, with a 6.8% YoY increase.<\/p>\n\n\n\n

Visualizing Amazon’s Q1’24 performance:<\/strong>
\u00a0\u00a0 – Total net sales increased by 13% YoY, with notable growth in AWS, online stores, physical stores, and third-party seller services.<\/p>\n\n\n\n

Demographic performance highlighted:<\/strong>
\u00a0\u00a0 – North America sales increased by 12% YoY.
\u00a0\u00a0 – International sales grew by 9.7% YoY.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amazon’s Q1’24 earnings: Amazon reported earnings per share (EPS) of $0.98 for Q1’24, surpassing estimates of $0.83. Net sales for the quarter reached $143.31 billion,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,618,31,616,619,1,39],"tags":[275,3894,1037,1527,1559,3898,2832,3776,3893,3277,3895,1360,3556,2572,3896,3701,1240,3866,3897],"class_list":["post-14745","post","type-post","status-publish","format-standard","hentry","category-bigbreakingnow","category-brokerage-reports","category-business","category-stock-in-news","category-stocks-in-news","category-tech","category-world","tag-amazon","tag-aws","tag-earnings","tag-eps","tag-forecast","tag-fulfillment-expense","tag-growth","tag-international","tag-net-sales","tag-north-america","tag-online-stores","tag-operating-income","tag-operating-margin","tag-outlook","tag-physical-stores","tag-q124","tag-revenue","tag-segment-performance","tag-third-party-seller-services","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3PP","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=14745"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14745\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=14745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=14745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=14745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}