Amazon Exceeds Q3 Expectations with Strong Profit and Revenue Growth

The tech giant reports significant gains in advertising and cloud services, driven by investments in AI and infrastructure.

Amazon's Q3 revenue reached $158.9 billion, surpassing analyst expectations and marking an 11% year-over-year increase.
The company's net income rose to $15.3 billion, significantly higher than the $9.9 billion reported in the same period last year.
Amazon's advertising services saw a 19% year-over-year growth, contributing to a total of $14.3 billion in revenue.
Amazon Web Services (AWS) achieved a 19% increase in sales, with operating income rising to $10.4 billion.
Investments in AI and infrastructure, including data centers and AI chips, are central to Amazon's growth strategy.