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Amazon (AMZN) AWS Q3 2024 revenues grew 19% to $27.5 billion from Q3 2023

Amazon Web Services continue to grow as the company continues to invest in, expand, and upgrade its service.
TJ Denzer
TJ Denzer
Image via Amazon
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With Amazon having reported on its latest fiscal quarter, Q3 2024, we also got a fresh finger on the pulse of how Amazon Web Services is doing. Simply put? Good. The segment grew its revenue by around 19 percent year-over-year from Amazon’s Q3 2023, adding substantially to the company’s successful bottom line on revenue and earnings-per-share (EPS).

Amazon shared the revenue of AWS in its Q3 2024 earnings results on its investor relations website this week. There, Amazon shared that revenue specifically for Amazon Web Services ended up landing at $27.5 billion. That accounted for a 19 percent increase over Amazon’s Web Service revenue from Q3 2023, which itself was a larger increase than what AWS experienced from 2022 to 2023 (12 percent).

Amazon (AMZN) stock chart as of October 31, 2024
Amazon (AMZN) stock was up in after-hours trading on the back of its Q3 2024 earnings results.

Amazon Web Services have seen some hefty investment as Amazon works to expand and ensure its continued growth with support of new energy projects. The projects are slated to add new plants and sources of nuclear energy to the grid, offering a wealth of energy for local consumers and to continue to power Amazon’s facilities. With how much money the service makes, it was a substantial part of Amazon’s wins in revenue and EPS for the quarter.

With those investments in Amazon Web Services and the service continuing to rake in the cash, stay tuned for what comes next for by following our Amazon topic.

Senior News Editor
Senior News Editor

TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.denzer@shacknews.com and also find him on Twitter @JohnnyChugs.

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