Amazon · TechCrunch AI
Amazon was one of several tech giants that on Wednesday beat Wall Street’s first-quarter earnings expectations
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Amazon’s cloud business is the latest example.
Key facts
- That’s a 95% drop from the $25.9 billion in free cash flow it had in the first quarter of 2025
- Amazon Web Services, buoyed by its role in fueling the AI boom, saw its net sales increase 28% year-over-year, climbing to $37.6 billion, the company said Wednesday
- The e-commerce giant’s overall sales, meanwhile, rose 17% to $181.5 billion on a year-over-year basis
- Jassy attributed AWS’ success to its role in providing compute to the AI industry
Summary
Amazon was one of several tech giants that on Wednesday beat Wall Street’s first-quarter earnings expectations, offering more financial evidence that the AI boom continues to reward companies that supply the picks and shovels. Jassy attributed AWS’ success to its role in providing compute to the AI industry. “It’s unusual for business to grow this fast on a base this large. Even as money flows into its cloud business, Amazon is also sinking increasingly large gobs of capital into building out the infrastructure that supports that cloud.