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Amazon shares rise 4% as cloud and advertising power record Q4 revenue of $170B

GeekWire

The company’s cloud, advertising, and third-party seller services businesses met or exceeded estimates in Q4, while overall operating income increased to $13.2 Amazon Web Services: Amazon’s cloud business was up 13% at $24.2 Advertising brought in $14.6 Wall Street expected earnings of $0.80

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Amazon earnings preview: AWS, advertising, AI in the spotlight for holiday quarter results

GeekWire

Analysts will be watching growth rates for Amazon Web Services and advertising; potential impact from faster shipping times ; and updates related to generative AI, which was the big theme at the AWS re:Invent conference in November. (GeekWire Photo / Todd Bishop) Amazon will report its holiday quarter 2023 earnings on Thursday.

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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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Latest round of Amazon layoffs begins today, impacting AWS, HR, Advertising, and Twitch

GeekWire

The cuts mostly affect Amazon Web Services, human resources (which Amazon calls PXT, for People Experience and Technology), Amazon Advertising, and Twitch. We are the leading cloud provider by a wide range of benchmarks, from our feature set to our security capabilities to our operational performance.

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Amazon earnings preview: Analysts watching cloud growth, impact of layoffs

GeekWire

Cloud growth: Amazon Web Services has long been a key profit driver but is facing slowing growth amid the broader tech spending slowdown and other inflationary pressures. An Amazon Prime delivery van parked near the company’s Seattle’s headquarters features a new slogan related to what’s inside the vehicle.

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SEC charges ‘decentralized’ Amazon Web Services competitor with scamming investors

The Verge

The US Securities and Exchange Commission has charged the would-be creator of a “decentralized” Amazon Web Services alternative with scamming investors out of millions. He compared the service to AWS and Microsoft’s Azure and said that Crowd Machine Compute Tokens (CMCTs) could be worth between $10 and $600 apiece.

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Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

GeekWire

. “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” Amazon CEO Andy Jassy said in a statement.