Amazon Q1 2023 Financials · In recent years I’ve posted a quick analysis of Amazon’s results each quarter in a Twitter thread. I don’t use Twitter much any more, and Mastodon doesn’t make it easy to post threads, so the blog it is; this is the second outing. Summary: Amazon’s retail business loses money (as usual) but the AWS and Advertising businesses are huge, throw off loads of cash, and continue to grow fast. They subsidize the money-losing retail operation in a way that seems deeply unfair to me ...
