Amazon.com Inc (NASDAQ:AMZN) reported first-quarter financial results after market close Thursday.
Here are the key highlights.
What Happened: Amazon.com reported first-quarter net sales of $155.7 billion, up 9% year-over-year. The net sales beat a Street consensus estimate of $155.04 billion according to data from Benzinga Pro.
The company reported first-quarter earnings per share of $1.59, beating a Street consensus estimate of $1.36.
By operating segment, here were the net sales:
The company reported operating income of $18.4 billion, up from $15.3 billion in last year's first quarter. Here was the operating income breakdown by segment, with last year’s first-quarter total in parentheses:
"We're pleased with the start to 2025, especially our pace of innovation and progress in continuing to improve customer experiences," Amazon CEO Andy Jassy said.
Jassy highlighted the company's next-generation Alexa+, delivery speed records for Prime members, the new Trainium2 chips and the first Project Kuiper satellites successfully launching.
"We're continuing to find meaningful ways to make customers' lives easier and better every day."
For the company's Prime Video streaming platform, the company highlighted the third season of "Reacher," which had 54.6 million viewers for the debut in the first 19 days.
The company also highlighted its new joint venture to create the next James Bond film.
Read Also: Amazon.com Q1 Earnings Preview: All Eyes On E-Commerce Trends, AI As Tariff Anxiety Grows
What's Next: Amazon is guiding for second-quarter net sales of $159 billion to $164 billion, up 7% to 11%. Analysts expect the company to have net sales of $160.91 billion in the quarter.
The company is forecasting operating income to come in a range of $13.0 billion to $17.5 billion for the second quarter, compared to $14.7 billion in last year's second quarter.
Amazon said the guidance is subject to "unpredictable" items that include foreign exchange rates, changes in geopolitical conditions and "tariff and trade policies."
AMZN Price Action: Amazon stock is down 3.2% to $184.05 in after-hours trading Thursday versus a 52-week trading range of $151.61 to $242.52.
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