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DevelopingEconomy

Amazon third-quarter results

Amazon's Q3 revenue rose 12% to $201.9bn with AWS up 39% to $45.98bn, but capex above $77bn drove negative free cash flow and the shares fell more than 8% after hours.

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The latest development

BloombergThu 29 Oct · 20:22 UTC

Amazon spent more than $77 billion on property and equipment in the third quarter, far more than analysts’ estimates,…

01Developments

Developments

Thursday 29 October

1 development

  1. 20:13 UTC· the latest

    Amazon Q3 revenue $201.9bn as AWS grows 39%

    Operating income rose 61% to $28.1bn and AWS revenue beat estimates, but ad revenue of $19.64bn missed. Capex topped $77bn, leaving negative free cash flow, and the stock dropped over 8% after hours.

    7 sourcesTechmeme, Bloomberg, TechCrunch

    • TechmemeRSSThu 29 Oct, 20:13

      Amazon reports Q3 revenue up 12% YoY to $201.9B, net income down 2% to $20.7B, and operating income up 61% to $28.1B; AMZN drops 8%+ after hours (Amazon) Amazon: Amazon reports Q3 revenue up 12% YoY to $201.9B, net income down 2% to $20.7B, and operating income up 61% to $28.1B;
      The original post

    • TechmemeRSSThu 29 Oct, 20:20

      Amazon reports Q3 ad revenue up 11% YoY to $19.64B, vs. $20.82B est., and subscription services revenue up 11% YoY to $14B (Annie Palmer/CNBC) Annie Palmer / CNBC: Amazon reports Q3 ad revenue up 11% YoY to $19.64B, vs. $20.82B est., and subscription services revenue up 11% YoY
      The original post

    • BloombergBlueskyThu 29 Oct, 20:22

      Amazon spent more than $77 billion on property and equipment in the third quarter, far more than analysts’ estimates, while pursuing its effort to build data centers and fulfill demand for artificial intelligence services Amazon.com Inc. spent more than $77 billion on property a
      The original post

    • TechmemeRSSThu 29 Oct, 20:30

      Amazon spent $77B+ on property and equipment in Q3, leading to a free cash outflow of $42.4B; Amazon said in July that it would likely spend $220B in 2026 capex (Matt Day/Bloomberg) Matt Day / Bloomberg: Amazon spent $77B+ on property and equipment in Q3, leading to a free cash
      The original post

    • TechmemeRSSThu 29 Oct, 20:55

      Amazon reports Q3 AWS revenue up 39% YoY to $45.98B, above $45.29B est., and AWS operating income up 55% to $17.77B, above $16.97B est. (Jordan Novet/CNBC) Jordan Novet / CNBC: Amazon reports Q3 AWS revenue up 39% YoY to $45.98B, above $45.29B est., and AWS operating income up 5
      The original post

    • TechCrunchRSSThu 29 Oct, 21:20

      Amazon reported booming cloud revenue but otherwise missed expectations The biggest ouch of the report was its negative free cash flow of $2.4 billion.
      The original post

    • TechCrunchRSSThu 29 Oct, 23:42

      AWS will be a $1T business, Jassy says. But first, it will spend big. Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.
      The original post