Amazon Q3 sales rise 12% to $201.94B, net income falls 2.4%

Amazon reported third-quarter net sales of 201.94 billion dollars, up 12 percent year over year, while net income fell 2.4 percent to 20.69 billion dollars. The net income decline was primarily due to pretax gains of 9.5 billion dollars from its Anthropic investment in the prior year. AWS net sales surged 39.3 percent to 45.98 billion dollars, its fastest growth in nearly five years, with operating income up 55 percent. Free cash flow turned negative at 42.4 billion dollars over the past 12 months, reflecting heavy AI infrastructure spending. Amazon forecasts fourth-quarter net sales between 240 billion and 247 billion dollars, with operating income projected at 28.5 billion to 33.5 billion dollars.