Amazon reports Q1 ad revenue up 24% YoY to $17.24B, above $16.87B est., and subscription services revenue up 15% YoY to $13.43B
and so is its capital spendingBMI:Amazon Ads revenue rises 24% to $17.2 bn in Q1; Jassy sees AI expanding advertiser baseReuters:Amazon tops cloud expectations on strong AI demand, shares riseYahoo Finance:Amazon earnings outpace Q1 estimates as it ramps up AI spendingTodd Bishop /GeekWire:AWS growth climbs to 28% as Amazon's big AI bets start to pay offErik Gruenwedel /Media Play News:Amazon Ups Q1 Subscription Revenue 12% to $13.4 BillionLucas Manfredi /The Wrap:Amazon Ad Revenue Rises 24% to