The operating income of the company increased to $18.4 billion in the first quarter, compared with $15.3 billion in first quarter 2024.
The North America segment sales increased 8 per cent (YoY) to $92.9 billion, and international sales increased 5 per cent YoY to $33.5 billion or increase of 8 per cent excluding changes in foreign exchange rates, Amazon said in a press release.
North America segment operating income was $5.8 billion, and international segment operating income was $1.0 billion.
The net income increased to $17.1 billion in Q1, or $1.59 per diluted share, compared with $10.4 billion, or $0.98 per diluted share, in Q1 2024.
The operating cash flow increased 15 per cent to $113.9 billion for the trailing twelve months, compared with $99.1 billion for the trailing twelve months ended March 31, 2024.
“We are pleased with the start to 2025, especially our pace of innovation and progress in continuing to improve customer experiences,” said Andy Jassy, president and chief executive officer (CEO), Amazon.
The company has announced a $4 billion investment through 2026 to expand its rural delivery network, aiming to speed up deliveries in less populated regions in US. It also launched Amazon.ie for Ireland, offering over 200 million products, competitive prices, and local prime membership. The company also introduced ‘Saks on Amazon’ for luxury fashion and beauty from brands like Dolce & Gabbana and Balmain.
Additionally, it launched ‘Interests’, using generative AI to connect customers with items matching their passions and hobbies. New shopping features in the Amazon app now allow users to discover products from other brands’ websites, including a new ‘Buy for Me’ option for seamless purchases.
For the second quarter (Q2) of 2025, Amazon expects net sales to be between $159.0 billion and $164.0 billion, or to grow between 7 per cent and 11 per cent compared with Q2 2024. This guidance anticipates an unfavourable impact of approximately 10 basis points from foreign exchange rates, added the release.
The operating income is expected to be between $13.0 billion and $17.5 billion, compared with $14.7 billion in second quarter 2024.
ALCHEMPro News Desk (SG)
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