Amazon faces a proposed class-action lawsuit over claims it used software tactics to shorten the lives of older Fire TV Sticks without telling buyers.
This week kicks off media and tech giants' annual pitch to advertisers to buy spots for the year ahead. NBC, Fox, Disney and WBD, along with Amazon's Prime Video, Netflix and Google's YouTube will hold presentations, while Paramount just finished its round of pitches.
Tejal Rives had a side hustle while working at Amazon. When she was laid off from Amazon, she turned her attention to the business.
"This has been the best product launch in the last decade that we have seen."
Amazon delivered record Q1 results, with $181.52B revenue (+16.6% Y/Y) and $2.78 GAAP EPS, driven by AWS and Advertising strength. AWS backlog now exceeds $464B, covering a 2.4x revenue base, de-risking Amazon's $200B CapEx cycle, and supporting sustained high-margin growth. Advertising segment reached $70B in trailing revenue, growing 24% Y/Y, and is now Amazon's highest-margin business, targeting $90B+ by 2027.
On Meta's Q1 2026 earnings call, CFO Susan Li said the quiet part out loud.
Amazon Web Services (AWS) announced in a Thursday (May 7) company blog post a set of tools designed to allow artificial intelligence agents to conduct financial transactions autonomously.
Amazon is turning another internal capability into a commercial product. This time, the asset is logistics.
AMZN rides on 28% AWS surge and AI momentum, but soaring capex and weak cash flow cloud outlook-leaving investors weighing whether to hold at premium levels.
Amazon (AMZN) is structurally advantaged by agentic AI, with AWS's Bedrock and AgentCore positioned as critical layers for stateful AI workloads. Bedrock's integration of leading models and managed stateful agents is driving rapid enterprise adoption, with token usage in 1Q26 exceeding all prior years combined. Agentic demand and custom silicon demand are fueling AWS's growth.
Amazon's Prime Video will invest at least 90 million euros ($105.95 million) in European video and movie production in French language this year, the French telecoms regulator said on Thursday.
Impressively, the aggregate earnings total for Q1 is on track to be a new all-time quarterly record at $690.4 billion, surpassing the record set in the preceding quarter at $655.5 billion.