Summary by Moomoo AI
Amazon.com, Inc. (Amazon) filed a Form 8-K report with the SEC on April 11, 2024, detailing significant financial growth and operational achievements for the fiscal year ended December 31, 2023. The company reported a 12% increase in total revenue year-over-year, rising from $514 billion to $575 billion. Segment-wise, North America revenue grew by 12%, International revenue by 11%, and AWS revenue by 13%. Operating income saw a substantial increase of 201% year-over-year, and Free Cash Flow improved by $48.3 billion. Amazon's customer experience enhancements were highlighted, including the expansion of its product selection with premium brands, the introduction of Prime Big Deal Days, and record-breaking delivery speeds. The company's advertising business also grew by 24% year-over-year. AWS continued to innovate with new...Show More