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Amazon is a global technology company that operates in various sectors, including e-commerce, cloud computing, and digital streaming. The company organizes its business activities into three main segments: North America, International, and Amazon Web Services (AWS), serving a wide range of customers such as consumers, sellers, developers, enterprises, content creators, advertisers, and employees . Amazon's diverse product lines include online and physical retail stores, third-party seller services, advertising services, subscription services, and AWS, which provides on-demand technology services .
- Online Stores - Offers a wide range of products and digital media content through its e-commerce platform.
- Third-Party Seller Services - Provides a marketplace for sellers, including services like commissions and fulfillment.
- Amazon Web Services (AWS) - Delivers on-demand cloud computing and technology services to businesses and developers.
- Advertising Services - Sells advertising space and services to various clients, enhancing their visibility and reach.
- Subscription Services - Includes offerings like Amazon Prime and digital content subscriptions, providing exclusive benefits and content.
- Physical Stores - Operates retail locations where customers can purchase items directly in-store.
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Andrew R. Jassy Executive | President and Chief Executive Officer | Trustee and sponsor of Rainier Scholars; Chair and founding member of Rainier Prep | Joined Amazon in 1997, founded and led AWS, became CEO in July 2021. | July 2021 |
Brian T. Olsavsky Executive | Senior Vice President and Chief Financial Officer | None mentioned | Joined Amazon in 2002, became CFO in June 2015. | June 2015 |
David A. Zapolsky Executive | Senior Vice President, Global Public Policy and General Counsel | None mentioned | Joined Amazon in 2002, held various legal roles, became Senior Vice President, Global Public Policy and General Counsel in May 2023. | May 2023 |
Douglas J. Herrington Executive | CEO of Worldwide Amazon Stores | None mentioned | Joined Amazon in 2005, held leadership roles in Consumables and North America Consumer divisions, became CEO of Worldwide Amazon Stores in July 2022. | July 2022 |
Matthew S. Garman Executive | CEO of Amazon Web Services | None mentioned | Joined Amazon in 2005, held various leadership roles in AWS, became CEO of AWS in June 2024. | June 2024 |
Shelley L. Reynolds Executive | Vice President, Worldwide Controller, and Principal Accounting Officer | None mentioned | Serving as Vice President, Worldwide Controller, and Principal Accounting Officer since April 2007. | April 2007 |
Andrew Y. Ng Board | Director | Managing General Partner, AI Fund LP; Founder, DeepLearning.AI LLC; Founder and CEO, Landing AI, Inc.; Chairman and Co-Founder, Coursera, Inc.; Adjunct Professor, Stanford University | Director since April 2024, expertise in AI and education. | April 2024 |
Brad D. Smith Board | Director | Director of Humana Inc.; President of Marshall University | Director since September 2023, former President and CEO of Intuit. | September 2023 |
Daniel P. Huttenlocher Board | Director | Dean of MIT Schwarzman College of Computing; Director of Corning Incorporated | Director since September 2016, expertise in AI and technology. | September 2016 |
Edith W. Cooper Board | Director | Director of PepsiCo, Inc.; Trustee of the Museum of Modern Art; Member of the Museum Council of the Smithsonian National Museum of African American History and Culture; Trustee of Mount Sinai Health Systems, Institute for Health Equity Research | Director since September 2021, co-founder of Medley Living, Inc.. | September 2021 |
Indra K. Nooyi Board | Director | Director of Royal Philips; Trustee of Memorial Sloan Kettering Cancer Center; Trustee of the National Gallery of Art; Trustee of The Asia Society; Director of Partnership for Public Service; Member of the Dean’s Advisory Council at MIT’s School of Engineering | Director since February 2019, former Chair and CEO of PepsiCo. | February 2019 |
Jamie S. Gorelick Board | Director | Partner at Wilmer Cutler Pickering Hale and Dorr LLP; Director at VeriSign, Inc.; Chair of the Urban Institute | Director since February 2012, Chair of the Nominating and Corporate Governance Committee. | February 2012 |
Jeffrey P. Bezos Board | Executive Chair | Executive Chair of the Bezos Earth Fund; Founder of the Bezos Day One Fund; Founder of Blue Origin; Owner of The Washington Post | Founded Amazon in 1994, served as CEO until July 2021, currently Executive Chair. | 1994 |
Jonathan J. Rubinstein Board | Director | Lead director of Robinhood Markets, Inc. | Director since December 2010, extensive experience in leadership and technology. | December 2010 |
Keith B. Alexander Board | Director | Former CEO, President, and Chair of IronNet, Inc. | Director since September 2020, Chair of the Security Committee. | September 2020 |
Patricia Q. Stonesifer Board | Director | Trustee of The Rockefeller Foundation; Vice Chair of the Board of Directors of Co-Impact; Emeritus Member of the Museum Council of the Smithsonian National Museum of African American History and Culture; Member of the Board of Advisors of TheDream.US | Director since February 1997, extensive leadership experience. | February 1997 |
Wendell P. Weeks Board | Director | Chairman and CEO of Corning Incorporated; Board of Trustees for the Corning Museum of Glass; Board of Trustees for the Institute for Advanced Study; Liveris Academy Honorary Board; White House Advisory Committee for Trade Policy and Negotiations | Director since February 2016, extensive experience in innovation and technology. | February 2016 |
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With the significant increase in AI-related workloads driving AWS demand, how is Amazon addressing the current capacity constraints in AWS, especially given the ongoing shortage of high-performance chips like NVIDIA's GPUs, and how might this impact your ability to meet customer demand in the near term?
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AWS operating margins have seen fluctuations due to the level of investments; can you provide more clarity on how the increased spending on AI infrastructure and custom silicon like Trainium and Inferentia will impact AWS profitability in the coming quarters?
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You mentioned a shift towards lower average selling price (ASP) items and consumers being more price-conscious; how does this trend affect your overall retail margins, and what strategies are in place to ensure profitability despite the potential pressure from increased sales of lower ASP products?
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The third-party seller unit mix declined slightly in Q3, which is unusual; can you explain the specific factors contributing to this shift, and what steps are you taking to support third-party sellers and potentially reverse this trend?
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While international segment operating income has improved, emerging markets may still be facing challenges; can you elaborate on the specific initiatives being undertaken to drive profitability in these regions, and what hurdles do you anticipate in aligning international margins with North America over time?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
1Life Healthcare, Inc. (One Medical) | 2023 | Amazon acquired 1Life Healthcare for approximately $3.5 billion in cash, with $1.3 billion allocated to intangible assets and $2.5 billion to goodwill to enhance its healthcare offerings including 24/7 virtual care and in-office visits. |
MGM Holdings Inc. | 2022 | Amazon acquired MGM Holdings on March 17, 2022, for about $6.1 billion net, assuming $2.5 billion in debt and obtaining assets such as a $3.4 billion video content portfolio and $4.9 billion in goodwill to strengthen its digital media content and streaming services. |
Recent developments and announcements about AMZN.
Earnings
New Earnings (Q4 2024)
·Feb 6, 2025, 11:55 PMView full earnings summary →Amazon’s Q4 shows triple-digit AI revenue growth in AWS, despite near-term margin pressure from $100B 2025 CapEx. Supply constraints should ease by 2H25, potentially boosting AWS. Management calls AI the biggest opportunity since the internet.