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

An article by Sophie Baqué

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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

Add mind Retail to your sources

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).

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Featured image of the article Sophie Baqué

Sophie Baqué Chief Editor of mind Retail

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