Amazon earnings live updates: Wall Street watching for cloud demand, advertising strength

Amazon's earnings call is today at 5 pm ET. AMZN stock heads into the report up 8% YTD. Investors are focused on cloud demand and retail strength.

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Feb 6, 2025 - 08:22
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Amazon earnings live updates: Wall Street watching for cloud demand, advertising strength
Amazon CEO Andy Jassy
Amazon CEO Andy Jassy

Reuters; SEBASTIEN BOZON/AFP via Getty Images; Chelsea Jia Feng/BI

  • Amazon will release its fourth-quarter earnings after the closing bell on Thursday.
  • Shares in the tech giant were up 8% year-to-date through Wednesday.
  • Wall Street is bullish on the stock, and focused on ad-revenue growth and holiday sales.

Amazon will report fourth-quarter earnings on Thursday after the closing bell.

Analysts are upbeat about the firm's year-end performance. Strong holiday demand and ad-revenue growth are among the positive drivers.

The earnings-release time is shortly after 4 p.m. ET, and its conference call with analysts will start around 5 p.m.

Amazon's stock was up 8% year-to-date through Wednesday's close, outpacing the the S&P 500's 3% gain.

Amazon's consensus fourth-quarter net sales estimate is $187.32 billion.

4th quarter

  • Net sales estimate: $187.32 billion

    • Online stores net sales estimate: $74.71 billion
    • Physical Stores net sales estimate: $5.4 billion
    • Third-Party Seller Services net sales estimate: $48.02 billion
    • Subscription Services net sales estimate: $11.58 billion
    • AWS net sales estimate: $28.82 billion
    • North America net sales estimate: $114.27 billion
    • International net sales estimate: $44.13 billion
  • Third-party seller services net sales excluding F/X estimate: +10.2%
  • Subscription services net sales excluding F/X estimate: +10.3%
  • Amazon Web Services net sales excluding F/X estimate: +19%
  • EPS estimate: $1.50

  • Operating income estimate: $18.84 billion

    • Operating margin estimate: 10.1%
    • North America operating margin estimate: +6.48%
    • International operating margin estimate: 3.08%
  • Fulfillment expense estimate: $28.45 billion
  • Seller unit mix estimate: 60.2%

1st quarter

  • Net sales estimate: $158.64 billion
  • Operating income estimate: $18.24 billion

(Source: Bloomberg data)

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