Here's a breakdown of Amazon's recent earnings ... CEO Andy Jassy said on a call after Amazon reported its results. AWS net revenue was $25 billion during the quarter, beating expectations.
The Details: Sheridan said Amazon should report relatively stable e-commerce demand but sees units sold continuing to outpace revenue due to lower average selling prices. The Goldman Sachs analyst ...
What’s important to note is that cloud revenue makes up less than 20% of total revenue for Amazon (as seen below in the TipRanks Revenue Breakdown tool) and Alphabet.
Amazon also builds new revenue streams, and digital advertising is the one that has massive potential. This revenue stream demonstrates staggering revenue growth despite its already large scale.
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