AWS growth hits 39%, its fastest in nearly five years, as Amazon misses on earnings
Amazon Web Services reached a $184 billion annual revenue run rate, with CEO Andy Jassy projecting growth to exceed 40% in 2027 and 2028. Despite this, Amazon's shares fell after earnings of $1.89 per share missed the $1.97 estimate due to high interest costs.
Key points
- AWS revenue grew 39% to $46 billion in Q3
- Amazon overall earnings missed analyst expectations
- AWS is now at a $184 billion annual revenue run rate
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. GeekWire did the reporting; read the original for the full story.
Read the full story at GeekWire
