Amazon (AMZN) Q1 earnings report 2025 newsthirst.

Amazon reported better-than-expected results for the first quarter, driven by growth in its cloud computing and advertising businesses, but it gave soft guidance for the current period.

The stock fell more than 4% in extended trading.

Here’s how the company did, compared with estimates from analysts polled by LSEG:

• Earnings per share: $1.59 vs. $1.36 estimated
• Revenue: $155.67 billion vs. $155.04 billion estimated

Wall Street is also looking at other key revenue numbers:

• Amazon Web Services: $29.3 billion vs. $29.42 billion expected, according to StreetAccount
• Advertising: $13.92 billion vs. $13.74 billion expected, according to StreetAccount

Amazon said it expects second quarter operating income to be between $13 billion and $17.5 billion, below the $17.64 billion consensus forecast, according to StreetAccount.

The company expects sales this quarter to be between $159 billion and $164 billion, representing growth of 7% to 11%. Analysts were expecting $160.9 billion, according to LSEG.

Amazon noted “tariffs and trade policies” are among a range of factors that could make its guidance subject to change.

Net income came in at $17.13 billion, or $1.59 per share, compared with $10.43 billion, or 98 cents per share, a year ago.

Sales in Amazon’s cloud division came in just below consensus estimates, marking the third consecutive quarter of revenue misses. AWS revenue grew 17% during the quarter, which was a slower rate than analysts’ expected. Last quarter, sales in the unit expanded 18.9%.

Advertising was a bright spot in the report. Sales in the unit rose 19% year over year to $13.92 billion during the quarter, outpacing the growth in Amazon’s core retail business.