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's strong e-commerce growth, focus on cost reduction, and customer experience make it a great long-term investment. Read more here.

Amazon’s Q4 2024 earnings call will take place today at 2 p.m. PT/5 p.m. ET. We’ll be streaming it on the Shacknews YouTube channel. You can also find it on Amazon’s investor relations website.

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%.

Amazon.com stock has experienced some pain since the company reported earnings, but that hasn’t stopped analysts from predicting a comeback in the months ahead. Amazon reported stronger than anticipated fourth-quarter earnings after the stock market closed on Thursday,