The company said total revenue for 2024 grew 11% year over year, from $575B to $638B. By segment, it said North America revenue rose from $353B to $387B, International revenue rose from $131B to $143B, and AWS revenue rose from $91B to $108B.

1. 01

   The company said total revenue for 2024 grew 11% year over year, from $575B to $638B. By segment, it said North America revenue rose from $353B to $387B, International revenue rose from $131B to $143B, and AWS revenue rose from $91B to $108B.

2. 02

   Amazon said operating income for 2024 improved 86% year over year, from $36.9B (an operating margin of 6.4%) to $68.6B (an operating margin of 10.8%). It also said Free Cash Flow, adjusted for equipment finance leases, improved from $35.5B in 2023 to $36.2B.

3. 03

   The company said that as AWS demand grows faster, it must procure more datacenters, chips and hardware, and that it spends this capital upfront. It also said AI revenue is growing at triple-digit year-over-year percentages and represents a multi-billion-dollar annual revenue run rate.

4. 04

   The company said its new Trainium2 chips offer 30-40% better price-performance than the current GPU-powered compute instances generally available today. It also said inference will represent the overwhelming majority of future AI costs.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.