In Q1 2024, Amazon's revenue reached $143.3bn.

Amazon's Q1 2024 revenue reached $143.3bn, a 13% year-over-year increase, driven by a significant rise in AWS sales ($25bn) and a 24% growth in advertising revenue ($11.8bn). AI capabilities in AWS are accelerating its growth rate to a $100bn annual revenue run rate, contributing to Amazon's first-quarter profit tripling to $10.4bn, up from $3.2bn in 2023. Amazon's shares rose 3% post-release of these earnings figures.

April 30, 2024
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