Revenue in Amazon's online ad business rose 19% to $13.92 billion. Amazon has emerged as a force in digital advertising, trailing only Meta and Google in the U.S.
Meta raised its capital-expenditure target, adding to recent upbeat signals around AI spending.
Amazon has promised to spend around $1 billion each year on theatrical releases, a figure that would fund between 12 and 15 films annually. This year Amazon has only four wide releases on the calendar so far, but the company is slated to have 14 in 2026 and 16 in 2027.
Amazon said Wednesday (April 30) that it will invest over $4 billion to expand its rural delivery network and provide faster delivery to millions of customers in less densely populated areas.
The Seattle-based giant said the investment and expansion would create over 100,000 new jobs.
Amazon said on Wednesday it is investing over $4 billion by the end of 2026 to expand its delivery network, which will focus on small towns across the United States.
Amazon announced it will spend $4 billion by the end of 2026 on expanding deliveries to small towns in rural America. After making two-day delivery the standard, the company has invested in shuttling packages to shoppers' doors in one day, or in some cases, within a few hours.
Amazon wants companies to build public-facing chatbots using its Q Business assistant.
Amazon is set to report first-quarter earnings after the market closes on Thursday, May 1, offering a fresh look at how it's navigating the uncertain economy — including the impact of tariffs — and the latest trends in demand for AI and its core cloud technologies.
Shares of Amazon.com Inc. NASDAQ: AMZN closed just below $190 on Tuesday, continuing to stabilize and consolidate after a sharp correction. While still down more than 20% from February's all-time high, the stock has bounced roughly 16% off its multi-year low from earlier this month.
Steven Levy, Wired editor-at-large, joins 'Squawk Box' to discuss the latest developments in the spat between Amazon and the White House after Amazon rejected the idea of highlighting tariff-impacted prices on its low-cost site Amazon Haul, whether other retailers could add import charges on their products, and more.
The five top buys for May have two things in common: leadership positions in technology and strong signals at critical support levels. These stocks corrected in late Q1 and early Q2 but have regained traction at critical levels and are firing solid entry signals for investors.