Amazon: The AI Bet Behind AWS Growth

  • Amazon's Q1 2025 net sales hit $155.7 billion, up 10% YoY, with AWS revenue climbing 17% to $29.3 billion. Free cash flow shrank nearly 50% YoY to $25.9 billion, mainly due to heavy CapEx on regional fulfillment and Project Kuiper. Prime delivery speeds reached record levels, while Amazon Ads grew 19% YoY to $13.9 billion, strengthening margin resiliency.