Amazon announced its Q1 2025 results yesterday and beat analyst estimates in reporting $155.7 billion USD in revenue, a 9% YoY increase from $143.3 billion USD last year at this time.

Looking to Q2, Amazon is projecting revenue between $159 to $164 billion USD, a 7% to 11% increase over Q2 2024. That said, the company is cautious about the second quarter of the year due to tariffs and trade policies and assumes, among other things, that no additional business acquisitions, restructurings or legal settlements are concluded.

Andy Jassy, president and CEO of Amazon, says the company is happy with the start to 2025, especially its pace of innovation and progress in improving customer experiences.

“From Alexa+ – our next generation of Alexa that’s meaningfully smarter, more capable and takes actions for customers – to another delivery speed record for our Prime members, to our new Trainium2 chips and Bedrock model expansion that make it easier for AWS customers to train models and run inference more flexibly and cost-effectively, to our first Project Kuiper satellites successfully launching into low earth orbit in our quest to provide broadband access to hundreds of millions of households in rural areas without it today – we’re continuing to find meaningful ways to make customers’ lives easier and better every day.”

On the entertainment side of the business, the company’s Q1 highlights include the announcement of a joint venture to create the next generation of the James Bond film franchise, the attraction of 54.6 million viewers for Reacher’s Season 3 debut in its first 19 days, and the premier of season 2 of LeBron James’s Mind the Game podcast, co-hosted by NBA Hall-of-Famer Steve Nash and distributed by Wondery.