Net income rose to $15.3 billion for the third quarter of 2024, up significantly from $9.9 billion a year ago, showcasing Amazon's robust profitability.
Amazon's advertising services revenue experienced a remarkable 19% growth, reaching $14.3 billion, demonstrating the increasing importance of advertising for the company's bottom line.
CEO Andy Jassy expressed enthusiasm for the upcoming holiday season, highlighting successful initiatives like Prime Big Deal Days and a well-received new Kindle lineup.
With total revenue hitting $158.9 billion, up 11% year-over-year, Amazon has exceeded expectations and continues to show strong financial performance across its segments.
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