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Amazon’s Financial Highlights
Amazon (NASDAQ: AMZN) reported first-quarter e-commerce sales of $126 billion, marking a 6% growth year-over-year, which translates to an additional $7 billion compared to the prior year. Additionally, Amazon Web Services (AWS) generated over $29 billion in revenue, up 17%, while digital advertising revenue grew 18% to $58 billion over the past four quarters.
As the global leader in digital retail and the second-largest overall retailer, Amazon holds a 32% share of the cloud market through AWS. The digital advertising segment has positioned Amazon as the world’s third-largest digital advertiser, closing the gap with competitors Alphabet and Meta Platforms. Despite these successes, Amazon’s stock is priced at 31 times next year’s expected earnings, suggesting it’s attractively priced considering its growth potential.
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