Amazon's third quarter earnings exceeded expectations, demonstrating strong retail and advertising growth while capitalizing on AI advancements that signal promising returns for investors.
CEO Andy Jassy highlighted the company's significant investments in AI, stating it represents 'maybe once-in-a-lifetime type of opportunity' for growth and profitability.
Amazon achieved third quarter revenues of $158.9 billion, an 11% increase from last year, driven by gains in both retail and advertising sectors.
The operating margin improved to 11%, nearly 2 percentage points higher than Wall Street forecasts, attributing success to improved shipping and logistics efficiency.
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