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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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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: Along with AWS, advertising is one of Amazon’s higher-margin businesses.

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Amazon’s advertising business is surging amid industry-wide ad sales boom for tech giants

GeekWire

Amazon’s advertising business continue to grow rapidly as it is now one of the company’s key sources of revenue. Other Amazon businesses are not growing as quickly — sales from the online stores category grew 16% in Q2 2021, for example, and Amazon Web Services sales grew 37%. (GeekWire Photo). billion last quarter.

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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. The layoffs are part of the 9,000-person corporate workforce reduction announced by the company in March.

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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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Advertising surge lifts Amazon’s ‘Other’ segment past subscription business, on pace to rival AWS

GeekWire

Amazon’s Q4 2020 earnings last week were understandably dominated by news that CEO Jeff Bezos is stepping down in Q3 2021 , to be replaced by Amazon Web Services chief Andy Jassy. That spike is in line with gains from advertising giants Google and Facebook. This is part of a larger pattern. “It was up $2.5

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Windows is under new management after Microsoft AI reshuffle

Computerworld Vertical IT

Mikhail Parakhin, who as Microsoft’s CEO of advertising and web services was also responsible for Windows and web experiences, is seeking new opportunities, potentially outside of Microsoft, according to an internal memo seen by Computerworld and sent by Microsoft’s head of experiences and devices, Rajesh Jha.

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