The numbers

$33 billion: How a lot Amazon made within the third quarter from its cloud-computing enterprise, Amazon Net Providers—up 20% year-over-year and beating analyst projections. AWS now has an annualized income run fee of $132 billion.

$17.7 billion: How a lot Amazon made from advertising within the second quarter, a rise of 24% year-over-year.

13%: The quantity that Amazon’s whole web gross sales elevated in comparison with final 12 months’s Q3 earnings, to $180.2 billion.

$1.8 billion: What Amazon expects to pay in severance charges associated to layoffs, which began this week when the corporate announced cuts of round 14,000 company jobs. Reuters and The Wall Avenue Journal each reported that the overall variety of affected jobs is anticipated to hit 30,000.

-69%: The drop in Amazon’s free money circulation—right down to $14.8 billion versus the $47.7 billion reported in Q3 final 12 months—largely as a result of capital investments associated to synthetic intelligence.

60%: Improve within the variety of rural communities which have entry to Amazon’s Similar-Day and Subsequent-Day Supply during the last 4 months.

250 million: How many individuals have used Rufus, Amazon’s generative AI purchasing assistant, to this point this 12 months. The corporate claims individuals who use Rufus are 60% extra more likely to full a purchase order.

$2.5 billion: The settlement Amazon needed to pay this quarter after the FTC proved it misled people and made it exceedingly tough to cancel subscriptions.

The watercooler discuss

CEO Andy Jassy kicked off Amazon’s Q3 earnings name by discussing AWS, the corporate’s cloud-computing enterprise, noting that the 20% progress fee is a return to a tempo the corporate hasn’t seen since 2022. He additionally teased “a number of” new AWS offers signed in October that haven’t but been introduced.

“AWS is the place the preponderance of firms information and workloads reside, and a part of why most firms wish to run AI on AWS,” Jassy stated.

The AWS progress numbers outpaced analysts’ expectations. The corporate’s shares jumped as a lot as 14% in after-hours buying and selling.