Other reviews from this season include:
Table of Contents
a. Key Points
- AWS acceleration continues.
- Fastest unit growth for the e-commerce business in 4 years.
- Record quarterly EBIT margin.
- Maintained CapEx guidance.
b. Demand
- Beat revenue estimate by 2.4% & beat guidance by 3%.
- Beat AWS revenue estimate by 2.4%.
- Beat ad revenue estimate by 1.8%.
c. Profits
- Beat EBIT estimate by 15.5% & beat guide by 12.6%.
- Beat EPS estimate by about $0.12 ex-Anthropic gains.
- *Net income margin excluding this help would have been 7.4%.* The 16.7% result below got a ton of Anthropic help.
