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Amazon earnings preview: Advertising and AWS expected to continue fueling profits

GeekWire

Analysts will be watching for continued growth in the company’s key profit drivers: advertising and cloud computing. Generative AI boosting cloud Analysts are expecting double-digit growth in Amazon Web Services. Generative AI boosting cloud Analysts are expecting double-digit growth in Amazon Web Services.

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Amazon stock rises as Q1 earnings top estimates with $143.3B in revenue; AWS sales up 17%

GeekWire

Amazon’s two big profit drivers, Amazon Web Services and advertising, posted year-over-year revenue growth of 17% and 24%, respectively. Amazon Web Services: Amazon’s cloud business was up 17% at $25 billion, with $9.4 Amazon recently launched new advertisements within its Prime Video platform.

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Sphere of influence? Google’s big Vegas ad buy clouds the landscape at Amazon re:Invent

GeekWire

Google Cloud’s ad on the Las Vegas Sphere, overlooking Amazon re:Invent. That’s the debate after Google Cloud bought advertising space on the Las Vegas Sphere to send a message to attendees this week at the Amazon Web Services re:Invent conference, taking place on the next block over. See video below.

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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Amazon’s cloud revenue growth rate and its artificial intelligence initiatives will be closely scrutinized when the company reports second-quarter earnings Thursday afternoon, Aug. Amazon Web Services revenue growth declined to 15.8% Wall Street analysts expect the company to report net sales (revenue) of $131.5

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Amazon elevates two more execs to its senior leadership team under new CEO Andy Jassy

GeekWire

New Amazon “S-team” member James Hamilton worked under Jassy as vice president and distinguished engineer for Amazon Web Services. Colleen Aubrey, SVP, Performance Advertising. Charlie Bell, SVP, Utility Computing Services. Paul Kotas, SVP, Advertising, Music & IMDb. GeekWire File Photo).

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AWS problems impact Amazon, Disney, Smartsheet, Canva and other online services

GeekWire

If you’re having problems buying items or logging in to Amazon.com this morning, you’re not alone, and thanks to the widespread use of Amazon Web Services, the problem isn’t limited to Amazon. Disney, League of Legends, Smartsheet, Canva and other online services are down or reporting problems for some customers.

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Amazon adds three execs to its senior leadership team — here’s how the list has changed this year

GeekWire

(GeekWire, Amazon, and LinkedIn Photos) Amazon named three additional executives to its senior leadership team Friday: Swami Sivasubramanian, a longtime AI leader for Amazon Web Services; Aicha Evans, CEO of Amazon-owned self-driving car company Zoox; David Brown, who oversees the key AWS Elastic Cloud Compute service, EC2.