Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter.

Good day, everyone, and welcome to the Amazon.com fourth quarter 2024 financial results teleconference. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session.

Amazon faced ~900 Mn FX headwind in 4Q’24 which was ~700 mn higher than assumed. For the third consecutive quarter, AWS grew 19% YoY. Despite the North America segment being more than 2.5x the size of the International segment, it grew by 10% whereas international revenue increased by 9%.