Amazon Delivers Strong Q4 Results, Topping Wall Street Forecasts In Holiday Period As Ad Revenue Climbs 27%

Amazon delivered better-than-expected results in the fourth quarter of 2023, with revenue up 14% year-over-year in a strong holiday season. Revenue of $170 billion in the quarter ending December 31 exceeded Wall Street analysts’ consensus forecast for $166 billion. Earnings of a dollar per share represented the strongest profit figures in more than two years, soaring above the year-ago quarter’s 3 cents a share and easily beating estimates of 80 cents. The quarter included the bulk of Prime Video‘s exclus ...