amazon reported this Thursday a turnover of US$170,000 million in the fourth quarter of 2023, which implies a growth of 14% year-on-year that far exceeds what the market expected. The online commerce giant also reported a net profit higher than expected by analysts, of $10.6 billion, driven by faster delivery and an especially successful Christmas season. In this context, shares rose almost 9% in the Wall Street after market.
The company explained that the benefit includes a pre-tax valuation loss of $1 billion included in non-operating income (expenses) from the investment in common shares in Rivian Automotive, compared to a pre-tax valuation loss of $2.3 billion on the investment. in the fourth quarter of 2022.
Amazon: the balance sheet detail
The net salesfor its part, increased by 14%up to US$170,000 million in the fourth quarter, compared to US$149,200 million in the same period of 2022. The data was also better than the US$166,200 million anticipated.
Excluding the favorable impact of US$1.3 billion Of the year-over-year changes in exchange rates during the quarter, net sales rose 13% compared to Q4 2022.
The North American segment sales They were 13% higher in the year-on-year comparison, up to US$105.5 billion; while those of international segment They grew 17% to $40.2 billion, or 13% more excluding changes in exchange rates.
In the case of income from Amazon Web Services (AWS) They stood at US$24.2 billion, 13% more than in the same period of 2022, in line with forecasts.
Furthermore, the operating profit in the fourth quarter increased to $13.2 billion, compared to $2.7 billion in the fourth quarter of 2022.
The advertising revenue They reaped US$14.7 billion, improving the forecasts of US$14.2 billion set by the consensus of analysts.
With respect to set of the year 2023he net profit was US$30.4 billion from net losses of $2.7 billion in 2022. This represents an EPS of 2.90 per share from the per share loss of $0.27.
Revenue increased by 12%up to US$574,800 million in 2023 compared to US$514,000 million in 2022. Sales of the North American segment rose 12% more, to US$352.8 billion and those of the international segment They increased 11% year-on-year to $131.2 billion.
The sales of AWS segment They grew by 13% during the year 223, up to US$90.8 billion.
He operating cash flow It stood at US$84.9 billion during the last twelve months, 82% more compared to US$46.8 billion for the last twelve months ended December 31, 2022.
Amazon: the company statement
“This fourth quarter was a record-breaking holiday shopping season and closed out a strong 2023 for Amazon,” said Amazon CEO Andy Jassy.
“Yes ok we obtained significant income, what we are most pleased with is the continuous invention and improvements of the customer experience in our businesses. The regionalization of our fulfillment network in the US generated Faster delivery speeds for Prime members and, at the same time, reduced our cost of service; the continued long-term focus of AWS in customers and feature delivery, along with new genAI capabilities such as Bedrock, Q and Trainiumhave resonated with customers and are beginning to be reflected in our overall results,” he added.
Amazon announced that sales for the first quarter of 2024 will be between US$138,000 and US$143,500 million, which represents a growth of 8% to 13%. Analysts expected revenue of $142.1 billion.
Source: Ambito
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