Amazon reported its first-quarter 2025 earnings Thursday, beating analysts’ estimates for the January-March quarter.
Wall Street forecast earnings per share (EPS) of $1.37 on $155 billion in revenue, according to analyst consensus data provided by LSEG. Amazon reported diluted EPS of $1.59, or net income of $17.1 billion, on $155.7 billion in revenue.
The ecommerce giant had projected revenue to be between $151 billion and $155.5 billion for Q1. Looking ahead, Amazon is projecting revenue between $159 to $164 billion for the second quarter and operating income between $13 billion to $17 billion.
Ad sales were up 18% year over year to reach $13.9 billion for the quarter.
Net sales in North America stood at $92.9 billion, up 8%. International revenue was at $33.5 billion (+5%). Amazon Web Services (AWS) sales were up 17% at $29.3 billion.
Amazon stock was down more than 4% in after-hours trading on Thursday.
“We’re pleased with the start to 2025, especially our pace of innovation and progress in continuing to improve customer experiences,” Amazon president and CEO Andy Jassy said in a statement accompanying the Q1 financial results. “From Alexa+ (our next generation of Alexa that’s meaningfully smarter, more capable, and takes actions for customers), to another delivery speed record for our Prime members, to our new Trainium2 chips and Bedrock model expansion that make it easier for AWS customers to train models and run inference more flexibly and cost-effectively, to our first Project Kuiper satellites successfully launching into low earth orbit in our quest to provide broadband access to hundreds of millions of households in rural areas without it today—we’re continuing to find meaningful ways to make customers’ lives easier and better every day.”
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