Amazon Tops Forecasts With $181.5B Revenue, $16.8B Anthropic Gain
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- Amazon reported $181.5 billion in revenue for the March quarter, up 17% year-over-year and surpassing Wall Street forecasts
- Amazon Web Services generated $37.6 billion in revenue, a 28% increase from the prior year, maintaining its role as a key profit driver
- Amazon posted a net income of $30 billion, up from $17 billion, including a $16.8 billion pre-tax gain from its investment in Anthropic
- Andy Jassy highlighted the box office success of 'Project Hail Mary,' which has earned nearly $615 million to date, as a notable achievement for the quarter
- Amazon saw free cash flow dip to $1.2 billion over the trailing 12 months as the company increased investments in artificial intelligence infrastructure
Why it matters: Amazon’s $16.8 billion investment gain from Anthropic nearly doubled its net income year-over-year, masking underlying pressure from rising AI spending that cut free cash flow — a divergence that rewards investors now but raises questions about future capital demands as tech giants collectively pour over $130 billion into AI data centers this quarter.
