"Most companies have one path to success. Amazon has many. When it comes to e-commerce, Amazon is without equal. The company is the undisputed heavyweight champion of digital retail, with gross merchandise volume (GMV) of $790 billion in 2024. Despite the gargantuan size of its business, sales continue to grow, up 10% year over year in the third quarter. Amazon has risen through the ranks to become the world's second-largest retailer, behind only Walmart."
"A Jack of all trades Amazon Web Services (AWS) remains the leader of the cloud infrastructure industry it pioneered. In Q3, the company commanded a 29% share of the market, well ahead of Microsoft Azure and Alphabet's Google Cloud, with 20% and 13%, respectively. Furthermore, AWS revenue accelerated 20% year over year in the third quarter, generating 18% of the company's total revenue and 60% of operating income, showing there's still room to run."
Amazon leads e-commerce with $790 billion GMV in 2024 and recorded 10% year-over-year sales growth in the third quarter, making it the world's second-largest retailer. Strong online cash flow subsidizes diverse growth opportunities across the company. AWS holds a 29% cloud market share, grew revenue 20% year over year, and contributed 18% of revenue and 60% of operating income. Advertising has become a major revenue stream, rising 24% and accounting for 10% of revenue. Subscription services grew 11% and represent 7% of revenue. AI-related sales are currently consolidated into these existing segments.
Read at The Motley Fool
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