Amazon beat Wall Street expectations in its latest quarterly earnings report, with its advertising business surging by 18 percent year over year to $17.3 billion.
Overall Amazon net sales was $187.8 billion in the quarter, with net income of $20 billion.
The growth was driven by a strong holiday quarter for retail, AI products at AWS, and string performance at Prime Video, where Thursday Night Football averaged 13.7 million viewers.
“The holiday shopping season was the most successful yet for Amazon and we appreciate the support of our customers, selling partners, and employees who helped make it so,” said Andy Jassy, president and CEO of Amazon, in a statement. “When we look back on this quarter several years from now, I suspect what we’ll most remember is the remarkable innovation delivered across all of our businesses, none more so than in AWS where we introduced our
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