Amazon.com (AMZN) -- Robust Growth in Advertising and AI Products | Harding Loevner Global Equity Q4 2024

Driving Revenue and Margin Expansion Through Innovation

Apr 13, 2025

Summary

Double-digit revenue growth led by advertising and AI products.
Operating margins hit an all-time high of 11%.
International e-commerce operations turned profitable.

Amazon.com was featured in the Harding Loevner Global Equity Portfolio Q4 2024 report for its robust growth in advertising and AI products. The company reported strong third-quarter results, with revenue increasing by double digits. Growth in advertising and AI products was a key driver, and the company's operating margins reached an all-time high of 11%. Notably, Amazon's international e-commerce operations turned profitable, contributing to the higher margins.

"Amazon’s innovation in AI and advertising continues to drive significant revenue and margin expansion..." — Harding Loevner Global Equity Portfolio, Q4 2024 Fund Letter

Read full letter at gurufocus harding loevner global equity q4 2024 report 2024 Q4 page.

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