Amazon's Q1 Earnings Exceed Expectations, AI Investments, and Advertising Drive Revenue Growth

Benzinga
Benzinga
  • 20 days ago
Amazon reported first-quarter earnings that topped Wall Street estimates on revenue and earnings per share, sending shares up 2% pre-market. Amazon invests heavily in AI through its cloud business to gain an edge in this market. Advertising also grew 24% and matched estimates. Management sees customers as thoughtful spenders in the US and trading down. Guidance for the second quarter sales was slightly below estimates.

Recommended

0:32
I
Up next
Walmart to Close 51 Health Centers, Citing Financial Challenges and Insurance Reimbursement Issues
Benzinga
0:35
Johnson & Johnson Agrees to $6.5 Billion Settlement for Talc-Related Cancer Lawsuits
Benzinga
0:37
FCC Slaps AT&T, Verizon, T-Mobile, Sprint with $200 Million Fine for Illegal Location Data Sharing
Benzinga
0:35
Clashes at Columbia University as NYPD Enters Campus Buildings, Arrests Dozens of Protestors
Benzinga
0:37
McDonald's, 3M Executives Sound the Alarm: Consumers Feel the Pinch of Higher Prices
Benzinga
0:34
FTC Challenges Patents on 20 Brand-Name Drugs as Chair Accuses Them of Inflating Prices with 'Bogus' Patents
Benzinga
0:36
Bitcoin Plunges to $57,700 Amid Risk-Off Sentiment Ahead of Fed Rate Decision
Benzinga
0:37
Binance Founder Sentenced to 4 Months in Prison for Money Laundering Charges
Benzinga
0:35
Tesla's Disbandment of Charging Team Raises Questions about the Future of EV Charging
Benzinga
0:41
Trump Fined $9,000 and Threatened with Jail. Former Lawyer of Stormy Daniels Reveals Details of Hush Money Negotiations.
Benzinga
0:31
DJT Shares Surge Over 8% Above $50 in Early Trading
Benzinga
0:35
Bullish Tuesday For Marijuana Stocks - Elixinol Wellness, Item 9 Labs Among Top Gainers
Benzinga
0:39
Amazon's Q4 Earnings and Revenue Beat Estimates, Surpassing $170 Billion
Benzinga
0:44
Nike Beat Holiday Quarter Estimates for Earnings & Revenue
Benzinga
13:03
Apple Q1 Earnings Beat Estimates As The Company Snaps 4-Quarter Revenue Decline Streak; Stock Slides On China Weakness
Benzinga
0:43
Amazon's Q1 revenue beats estimates, shares surge 8% in after-hours trading
Benzinga
1:30
Netflix Exceeds Earnings Estimates As Subscribers Increase
Wibbitz Top Stories
1:48
Broadcom's Q4 Performance: Mixed Earnings, Dividend Hike, FY24 Guidance Exceeds Estimates, What Investors Need To Know
Benzinga
0:58
McDonald's Surpasses Earnings and Revenue Estimates
Benzinga
4:14
Qualcomm Q4 Earnings Highlights: Revenue Beat, EPS Beat, Chipmaker's Guidance Comes In Ahead Of Estimates
Benzinga
1:13
Why You Tend To Spend So Much Money on Amazon
Pennygem
1:14
'Legally Blonde' Prequel Series 'Elle' Ordered By Amazon | THR News Video
The Hollywood Reporter
1:30
‘Legally Blonde’ Prequel Series Ordered by Amazon
Wibbitz Entertainment News
0:43
N'achète plus rien sur Amazon et regarde cette vidéo !
Gabzer.mp4
0:35
Microsoft, Amazon to Invests Billions to Boost Cloud and AI Infrastructure in France
Benzinga
3:01
France announces record $16bn in foreign investment
CGTN Europe

Benzinga

0:30
NYC-Dublin Portal Reopens with Enhanced Security Measures
Benzinga
0:39
UK's AI Safety Institute Expands to the US, Set to Open US Counterpart in San Francisco
Benzinga
0:40
'Copper Is the New Oil:' Analyst Predicts Copper Could Surge 50% Driven by AI and Green Energy Revolution
Benzinga
0:42
Red Lobster Files for Chapter 11 Bankruptcy as Pandemic and Industry Challenges Impact Iconic Seafood Chain
Benzinga
0:34
Nvidia Set to Release Q1 Earnings: Analysts Predict Significant Growth, But Signs of Slowing Momentum
Benzinga
0:44
AI Godfather Geoffrey Hinton Urges British Government to Adopt Universal Basic Income
Benzinga

Featured channels

More from
Billie Eilish
More from
TIME
More from
SportsGrid
More from
Billboard
More from
Travel and Leisure
More from
TMZ