Amazon earnings: AWS revenue up 39.3% showing high growth for the first time in about 5 years; Free cash flow significantly worsens
Amazon's July-September period earnings recorded record-high revenue, up 12% compared to the same period last year. AWS revenue accelerated with a 39.3% increase, and the backlog reached 578 billion dollars. Meanwhile, net profit decreased slightly due to the reaction from the Anthropic valuation gain recorded last year. Due to massive capital investment, free cash flow became a significant deficit.
Amazon's July-September period earnings recorded record-high revenue, up 12% compared to the same period last year. AWS revenue accelerated with a 39.3% increase, and the backlog reached 578 billion dollars.
On the other hand, net profit decreased slightly due to the reaction from the Anthropic valuation gain recorded last year. Due to massive capital investment, free cash flow became a significant deficit.
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