Amazon reported a 23% year-on-year rise in Q2 2025 ad revenue, reaching $15.7 billion, up from $12.7 billion in 2024 and 12.7% higher than the previous quarter. Most ad revenue came from sponsored product listings. Overall net sales grew 13% to $167.7 billion, operating income rose to $19.2 billion, and net income reached $18.2 billion, or $1.68 per share. CEO Andy Jassy highlighted AI-driven innovations across Alexa+, logistics, and developer tools. For Q3, Amazon projects net sales between $174–$179.5 billion and operating income of $15.5–$20.5 billion.