Amazon.com Inc. reported a 13% increase in Q1 sales to $143.3 billion, exceeding analyst estimates.

Net income for the company hit 98 cents per share, with Amazon Web Services seeing a 17% revenue growth to $25 billion.

Advertising services experienced a notable 24% increase to $11.8 billion, bolstered by ad placements across various platforms.

Despite strong earnings, Amazon's Q2 sales forecast is cautious, reflecting concerns over reduced spending by cloud service customers.

CEO Andy Jassy attributes success to store and Prime Video growth, with a planned $11 billion investment in Indiana data centers, creating 1,000 jobs.

Amazon is expanding its partnership with Nvidia to enhance its AI offerings.

Post-earnings report, Amazon shares saw a 3% increase in after-hours trading, signaling investor optimism and potential for advertising revenue growth and a future dividend.