I believe the 2019 AWS revenue is at $35B which means that a very consistent 4.4x multiplier against Google Cloud for 2017-18 is now going down to 3.9x.
I believe estimates are that AWS revenues are somewhere in the lower hundreds of millions. Very far from rivaling their tens of billions retail business.
> Meanwhile, over in Seattle, AWS today reported revenue of $12.74 billion in the last quarter alone and operating income of $3.56 billion. For 2020, AWS’s operating income was $13.5 billion.
That seemed high to me. Looking at the financial statement for Q1 2017, AWS is 3,661 million USD in net sales out of 35,714 million in net sales overall. I don't know if Q1 is unusual but this is around 10% for AWS.
On 3) have you looked at the profitability of AWS? It's ridiculously profitable. I just checked their latest 10K, and I see for 2015 their total AWS numbers were $1.9B operating income on $7.9B revenue with 70% year over year revenue growth.
That's way more significant than I would have expected. Still, 8% of their revenue contributes 36% of their profits. Makes you wonder why they don't run AWS at the same cutthroat prices as their other businesses.
I’m all in on AWS, but $6.68 billion in revenue is not huge in the grand scheme of things and if AWS has two thirds of the market, that’s still only about $10 billion.
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