2/5/2025, 8:35:04 am

Amazon cloud revenue, income forecast disappoint, shares slide

Amazon reported lower-than-expected Q1 cloud revenue growth for AWS, which rose 16.9% to $29.27 billion, missing estimates. Shares fell 5% in after-hours trading before rebounding slightly. The company forecast Q2 operating income below estimates, citing tariff uncertainties. Despite this, Amazon's Q1 revenue of $155.7 billion beat expectations, and ad sales surged 19% to $13.92 billion.