Amazon expects to boost its capex to $100B in 2025, largely driven by AI and up from 2024's ~$83B, in what Andy Jassy calls a “once-in-a-lifetime” opportunity
Annie Palmer / CNBC :
Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+
Revenue up 14% to $170.0 billion — Net income up 3433% to $10.6 billion — AWS up 13% — Subscriptions up 14% — Advertising services up 27% — North American sales up 13% — International sale...
Sources: Andy Jassy asked Amazon's Hollywood studio for detailed budgets to scrutinize ballooning costs; Amazon spent $7B on originals and other shows in 2022
I am off this week; that means no newsletter Sunday. — (Tips are still welcome at lshaw31@bloomberg.net or on Signal.
Andy Jassy says Amazon plans to invest $15B more in India by 2030, likely most for AWS expansion; in May 2023, AWS announced a $12.7B investment in the country
Amazon plans to more than double its investment in India in the next seven years, the e-commerce group said …
Andy Jassy says Amazon plans to invest $15B more in India by 2030, likely most for AWS expansion; in May 2023, AWS announced a $12.7B investment in the country
Amazon plans to more than double its investment in India in the next seven years, the e-commerce group said …
Amazon reports Q4 net sales of $125.6B, up 44% YoY, net income of $7.2B, up from $3.3B YoY, with full year net sales increasing to $386.1B, up 38% YoY
Founder and CEO Jeff Bezos will transition to role of Executive Chair in Q3, Andy Jassy to become Chief Executive Officer of Amazon at that time