Andy Jassy, chief executive officer of Amazon.com Inc., speaks during an unveiling event in New York, US, on Wednesday, Feb. 26, 2025.
Michael Nagle | Bloomberg | Getty Images
Amazon reported better-than-expected results for the first quarter, driven by growth in its cloud computing and advertising businesses, but it gave soft guidance for the current period.
The stock fell more than 2% in extended trading.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $1.59 vs. $1.36 estimated
- Revenue: $155.67 billion vs. $155.04 billion estimated
Wall Street is also looking at other key revenue numbers:
- Amazon Web Services: $29.3 billion vs. $29.42 billion expected, according to StreetAccount
- Advertising: $13.92 billion vs. $13.74 billion expected, according to StreetAccount
Amazon expects sales this quarter to be between $159 billion and $164 billion, representing growth of 7% to 11%. Analysts were expecting $160.9 billion, according to LSEG.
The company said it expects second quarter operating income to be between $13 billion and $17.5 billion, below the $17.64 billion consensus forecast, according to StreetAccount.
Amazon noted “tariffs and trade policies” are among a range of factors that could make its guidance subject to change.
Net income came in at $17.13 billion, or $1.59 per share, compared with $10.43 billion, or 98 cents per share, a year ago.
Amazon year to date stock performance
