This photo taken on Sept. 26, 2023 in Arlington, the United States, shows the Amazon online shopping website. (Xinhua/Liu Jie)
The fourth quarter was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon, the company's CEO said.
SAN FRANCISCO, Feb. 1 (Xinhua) -- Amazon.com, Inc. on Thursday announced its financial results for the fourth quarter ending Dec. 31, 2023, with net sales of 170.0 billion U.S. dollars, up 14 percent year on year.
The company's net income increased to 10.6 billion dollars in the fourth quarter, or 1.00 dollars per diluted share, compared with 0.3 billion dollars, or 0.03 dollars per diluted share, in the fourth quarter of 2022.
Its net income was 30.4 billion dollars in 2023, or 2.90 dollars per diluted share, compared with a net loss of 2.7 billion dollars, or 0.27 per diluted share, in 2022.
Amazon's net sales increased 12 percent to 574.8 billion dollars in 2023, compared with 514.0 billion dollars in 2022.
"This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon," said Andy Jassy, Amazon CEO.
"While we made meaningful revenue, operating income, and free cash flow progress, what we're most pleased with is the continued invention and customer experience improvements across our businesses," he added.
According to Jassy, Amazon Web Service's continued long-term focus on customers and feature delivery, coupled with new generative AI capabilities like Bedrock, Q, and Trainium have resonated with customers and are starting to be reflected in the company's overall results, and the advertising services continue to improve and drive positive results. ■
