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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Amazon reported a record-breaking profit of $20 billion during the fourth quarter of 2024, showcasing its strong financial performance. The company's advertising revenue reached $56 billion annually, highlighting its potential as a major profit driver, alongside its Amazon Web Services (AWS) division, which accounted for 58% of Amazon's operating profit in 2024. Additionally, Amazon generated over $150 billion in revenue from seller fees, excluding advertising, indicating a robust business model that rivals many Fortune 25 companies. However, the exact profit derived from these seller fees remains unclear.
In 2024, Amazon posted more than $150B in rev from fees it charges sellers, EXCLUDING ads That's basically a Fortune 25 biz But how much profit Amazon banks from this is a mystery. So after record Amazon earnings, I dissected this in @FortuneMagazine https://t.co/3Xv92e9z5p
Amazon’s giant and growing AWS cloud computing business is a significant profit driver, accounting for 58% of Amazon’s operating profit in 2024. https://t.co/U0qxWy3Ukk
After posting a record-breaking $20 billion in profits during the fourth quarter of 2024 alone, Amazon is once again looking like the version of itself that many of its rivals should fear. https://t.co/x5rsjQ9Tpk
