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Amazon Revenue Surges in Q1 2024

Strong Online Sales Drive 12.53% Year-over-Year Increase

Key Highlights

Amazon has reported strong financial results for the quarter ending March 31, 2024, with revenue reaching a record $143.313 billion. This represents a significant 12.53% increase compared to the same period last year, driven by robust online sales across its various platforms.

According to Amazon's investor relations website, the company's revenue has grown steadily over the past several years. In the twelve months ending March 31, 2024, Amazon generated $590.74 billion in revenue, marking a 12.54% increase year-over-year. This growth can be attributed to increased consumer spending on e-commerce, as well as Amazon's continued expansion into new markets and product categories.