AMZN Nasdaq· Inc
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AMZN Nasdaq· Inc
Earnings report Q4 2023

Amazon's Revenue Continues to Grow, Reaching $574.78 Billion

Segments of Revenue

Amazon's revenue streams are diverse, with net product sales amounting to $255.89 billion and net service sales reaching $318.90 billion. The North American market contributed $352.83 billion, while international sales added $131.2 billion. Amazon Web Services (AWS) also played a significant role, contributing $90.76 billion to the total revenue.


Amazon's total net sales grew by 12% year-over-year, reaching $574.78 billion. This growth was driven by a 12% increase in North American sales and an 11% increase in international sales. AWS also saw a 13% increase in sales. The company's service sales, which include third-party seller fees, AWS sales, advertising services, Amazon Prime membership fees, and certain digital media content subscriptions, saw a significant increase, indicating a strong demand for these services.


Despite the overall growth, Amazon faces several challenges. These include fluctuations in foreign exchange rates, changes in global economic and geopolitical conditions, customer demand and spending, inflation, interest rates, regional labor market constraints, world events, and the rate of growth of the internet, online commerce, cloud services, and new and emerging technologies.


Amazon's advertising services and subscription services, including Amazon Prime memberships and access to content, continue to be significant contributors to the company's revenue. The company recognizes revenue from these arrangements over the subscription period, indicating a steady stream of income.


Amazon's latest financial quarter shows a strong performance, with total net sales reaching $574.78 billion, a 12% increase year-over-year. The growth was driven by increases in both product and service sales, with significant contributions from North American and international markets, as well as AWS. However, the company faces several challenges that could impact future performance. Despite these challenges, Amazon's diverse revenue streams and steady income from subscription and advertising services provide a positive outlook.

Source documents

Form 10-K  filed on Feb 01, 2024
106 pages scanned

Reference data

Company financials Q4 revenue 170B
Analyst estimates Q4 EPS beat by 24.44%
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