SEATTLE / LONDON (IT BOLTWISE) – Amazon exceeded analysts’ expectations in the third quarter, particularly thanks to strong growth in its cloud division AWS. The group’s sales rose by 13 percent to $180 billion, which exceeded experts’ forecasts. The share reacted with a significant increase after trading.
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Amazon significantly exceeded analysts’ expectations in the third quarter of the year, largely due to strong growth in its AWS cloud division. The company’s total revenue rose 13 percent to an impressive $180 billion, exceeding experts’ forecasts. This development shows how important the cloud business has become for the technology group.
However, the operating result stagnated due to special charges arising from the settlement of a legal dispute with the FTC supervisory authority and the announced reduction of 14,000 jobs. Without these burdens, operating profit would have increased to $21.7 billion. These numbers highlight the challenges Amazon faces in an increasingly regulated environment.
The bottom line is that Amazon was able to increase its profits by almost 39 percent to just over 21 billion dollars. A key factor in this was the entry into the AI startup Anthropic PBC, which led to an extraordinary profit contribution of $9.5 billion before taxes. This investment demonstrates Amazon’s commitment to advancing artificial intelligence and integrating it into its business areas.
The positive development of sales and profits led to Amazon shares increasing by more than ten percent to around $246 after trading. This market reaction reflects investors’ confidence in the company’s strategic direction, particularly regarding its cloud and AI initiatives. Amazon has also provided optimistic forecasts for the current fourth quarter, indicating another strong end to the year.
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