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bullish
Amazon 4Q'24 Update
SUMMARY
- Amazon faced ~900 Mn FX headwind in 4Q’24 which was ~700 mn higher than assumed.
- For the third consecutive quarters, AWS grew 19% YoY. Ads grew by +18% YoY, and revenues in other segments increased by mostly High Single Digit (HSD) rate.
- I’ll discuss more about AWS later, but let’s talk more about Amazon ex-AWS first.
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