Skip to playerSkip to main content
Benzinga
  • 2 years ago
Amazon's fourth-quarter earnings and revenue significantly beat estimates, with revenue reaching $170 billion, up 14% year-over-year. Net income surged to $10.6 billion from $278 million year-over-year, as cost cuts took effect from job cuts and investment trims. AWS sales were $24.2 billion, matching estimates and up 13% year-over-year with growth slowing from prior periods. Advertising revenue grew 27% to $14.7 billion and will expand further with new Prime Video ads. First-quarter revenue guidance of $138 to 143.5 billion topped estimates and represented 8 to 13% growth year-over-year.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Amazon's fourth quarter earnings and revenue significantly beat estimates with revenue
00:06 reaching $170 billion, up 14% year-over-year. Net income surged to $10.6 billion from $278
00:12 million year-over-year as cost cuts took effect from job cuts and investment trims.
00:16 AWS sales were $24.2 billion, matching estimates and up 13% year-over-year,
00:20 with growth slowing from prior periods. Advertising revenue grew 27%,
00:25 $14.7 billion, and will expand further with new Prime Video ads. First quarter revenue guidance
00:30 has thrun a $38-143 billion top estimates and represented 8-13% growth year-over-year.
00:35 For all things money, visit Benzinga.com.
Comments