Amazon announced strong Q3 2024 earnings with an 11% year-over-year revenue increase, driven by the AWS business. Operating income significantly improved across all segments.
Amazon.com today announced earnings results for the third quarter ended September 30, 2024. Amazon posted revenue of $158.9 billion, up 11% year-over-year. The US business sales increased 9% year-over-year to $95.5 billion, while the international business sales increased 12% year-over-year to $35.9 billion. But the strongest growth came from the AWS business, which saw a 19% year-over-year increase to $27.5 billion. As we already know from the past few quarters, AWS is now a $100 billion business for Amazon.
While Amazon’s revenue growth is decent, the most impressive numbers were around operating income. The overall operating income increased to $17.4 billion, compared to $11.2 billion in Q3 2023.
