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Amazon’s Strong Market Presence
Amazon (NASDAQ: AMZN) reported a gross merchandise volume (GMV) of $790 billion for 2024, maintaining its position as the world’s second-largest retailer after Walmart. Sales grew by 10% year-over-year in the third quarter of 2023.
Cloud and Advertising Growth
In its third-quarter results, Amazon Web Services (AWS) captured a 29% market share in cloud infrastructure, generating 20% year-over-year revenue growth and contributing 18% to Amazon’s total revenue. Additionally, advertising revenue rose by 24%, accounting for 10% of total revenue.
Subscription and Future Outlook
Amazon’s subscription services saw an 11% year-over-year growth, representing 7% of total revenue. Analysts project significant growth opportunities for Amazon, underscoring its diversified revenue streams.
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