[Amazon results] Amazon doubles net margin in 9 months to September and announces record CAPEX for 2024

An article by Sophie Baqué

Publication

7 November 2024 à 18h16

Updated on 15 November 2024 à 12h24

Reading time

2 minutes

Publication: 7 November 2024 à 18h16, Updated on 15 November 2024 à 12h24

Reading time: 2 minutes

In Q3 2024, Amazon's sales and profitability exceeded analysts' expectations. The group has managed to maintain the online business and accelerated the strongest P&L contributors, in order to finance massive investment in AI. Looking beyond Q3, our long term analysis covers the period from January to September 2024.

An article by Sophie Baqué

Publication

7 November 2024 à 18h16

Updated on 15 November 2024 à 12h24

Reading time

2 minutes

Publication: 7 November 2024 à 18h16, Updated on 15 November 2024 à 12h24

Reading time: 2 minutes

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On October 31, 2024, Amazon published Q3 2024 results, beating analysts’ expectations in terms of both sales and profitability. Quarterly sales rose by 11% at constant exchange rates to US$158.9 billion (US$15.8 billion more than a year ago). In the first 9 months of 2024 – and we will focus our analysis on the period from January to September – Amazon’s sales rose by 11.2% to US$450.2 billion. This represents a 9-month incremental uplift of US$45.4 billion (year-on-year evolution).

In Q3,...

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