Q1 2025 Amazon.com Inc Earnings Call Transcript
Key Points
- Amazon.com Inc (AMZN) reported a 10% year-over-year increase in revenue, reaching $155.7 billion, excluding the impact of foreign exchange rates.
- Operating income rose by 20% year-over-year to $18.4 billion, showcasing strong financial performance.
- Amazon Web Services (AWS) achieved a 17% year-over-year growth, reaching a $117 billion annualized revenue run rate.
- The company set new delivery speed records, delivering more items in the same day or next day than any other quarter in its history.
- Amazon's advertising revenue grew by 19% year-over-year, generating $13.9 billion, indicating strong growth in this segment.
- Amazon.com Inc (AMZN) faces uncertainty due to potential heightened tariffs, which could impact pricing and demand.
- The company recorded onetime charges related to historical customer returns and costs to receive inventory pulled forward due to anticipated tariffs.
- AWS capacity constraints are limiting the ability to capture more AI revenue, despite high demand.
- The macroeconomic environment remains complex, with uncertainties around consumer demand and global trade impacting future guidance.
- Stock-based compensation expenses are expected to increase in Q2, impacting operating income.
Thank you for standing by. Good day, everyone, and welcome to the Amazon.com first-quarter 2025 financial results teleconference. (Operator Instructions) Today's call is being recorded. And for opening remarks, I will be turning the call over to the Vice President of Investor Relations, Mr. Dave Fildes.
Thank you, sir. Please go ahead.
Hello, and welcome to our Q1 2025 financial results conference call. Joining us today to answer your questions is Andy Jassy, our CEO; and Brian Olsavsky, our CFO. As you listen to today's conference call, we encourage you to have our press release in front of you, which includes our financial results as well as metrics and commentary on the quarter.
Please note, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2024. Our comments and responses to your questions reflect management's views as of today, May 1, 2025, only and will include forward-looking statements.
Actual results
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