Amazon announced its third quarter financial results today, reporting $180.2 billion in net sales, compared to $158.9 billion in Q3 2024. Amazon Web Services brought in $33 billion, just over the $32.42 billion expected by analysts.
“We continue to see strong momentum and growth across Amazon as AI drives meaningful improvements in every corner of our business,” said Andy Jassy, President and CEO, Amazon. “AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY. We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity – adding more than 3.8 gigawatts in the past 12 months. In Stores, we continue to realize the benefits of innovating in our fulfillment network, and we’re on track to deliver to Prime members at the fastest speeds ever again this year, expand same-day delivery of perishable groceries to over 2,300 communities by end of year, and double the number of rural communities with access to Amazon’s Same-Day and Next-Day Delivery.”
Amazon’s report highlights the company’s focus on AI. Amazon saw increased adoption of its custom AI chip, called Trainium2, which saw a 150% increase quarter over quarter. In Q3, the company also launched Project Rainier, an AI compute cluster containing nearly 500,000 Trainium2 chips, used for Claude AI models.
While the focus of the earnings report was on web services and AI tech, there were some mentions of streaming. The Summer I Turned Pretty Season 3 was a highlight for the three month period, bringing in 70 million+ viewers and exceeding viewership for Season 2 by 65%. Sports were the other major draw to the service, with Thursday Night Football on Prime Video averaging 15.3 million viewers, a 16% increase from last season. And NBA on Prime premiered in 200 countries, bringing in an average of 1.25 million viewers for the season-opening double header.
Finally, Prime Video saw two big additions to its Prime Video Channels lineup – Peacock Premium Plus and Fox One. Users can now choose from over 100 channels in the U.S.