Amazon reported its third quarter results with revenue of $180.2 billion, up 13% year-over-year.
Earnings per share reached $1.95, beating expectations and showing strong profit growth.
The standout was AWS (Amazon Web Services), which posted $33 billion in revenue—up 20%—and marked its fastest growth since 2022. The cloud unit also delivered more than half of Amazon’s operating profit.
Amazon credited this growth to surging demand for AI infrastructure and cloud services. It said it added power and data-centre capacity at a rapid clip in the last year.
In its retail business, online-store revenue rose 10% to $67.4 billion. Advertising reached $17.7 billion, growing around 22-24%, and third-party seller services climbed 12% to $42.5 billion.
Operating income came in at $17.4 billion, roughly level with the previous year. The figure was impacted by about $4.3 billion in special one-time charges, including a $2.5 billion regulatory settlement and $1.8 billion in severance costs. Excluding those charges, operating income would have been stronger.
Looking ahead, Amazon expects fourth-quarter revenue between $206 billion and $213 billion, and operating income from $21 billion to $26 billion. The company also raised its capital-expenditure outlook, with 2025 spending set at more than $125 billion, much of it aimed at cloud infrastructure and AI.
The results show that Amazon is leaning heavily into its cloud, AI, and advertising businesses—moving beyond its origins in online retail. For investors and competitors, the message is clear: Amazon is positioning itself as a major tech-infrastructure player, not just a marketplace.
