Amazon(US:AMZN) Jing Ji Guan Cha Bao·2025-08-05 14:20Group 1 - Amazon reported a comprehensive growth in Q2 2025, with total revenue increasing by 13% year-over-year to $167.7 billion, driven by double-digit growth in advertising, cloud computing, and subscription services [2] - Advertising revenue reached $15.7 billion, up 22% year-over-year, solidifying its position as a core growth engine for Amazon [2][3] - The company is expanding its advertising reach into streaming, live sports, and gaming, with a new partnership with Roku to cover over 80 million U.S. households [3] Group 2 - Amazon Web Services (AWS) generated $30.9 billion in revenue, reflecting a 17.5% year-over-year growth, as demand for AI applications accelerates [4] - The company is investing heavily in AI infrastructure, with capital expenditures reaching $31.4 billion, primarily for AWS-related AI investments [4] - AWS currently faces a backlog of $195 billion in orders, a 25% increase year-over-year, indicating a surge in demand for AI model deployment and data applications [5] Group 3 - Other revenue segments, including subscription services and third-party seller services, also showed robust growth, with subscription revenue increasing by 11% to $12.2 billion and third-party seller services reaching $40.3 billion, up 10% [6] - Despite a conservative profit forecast for Q3, which led to a 2.5% drop in stock price, this approach is seen as a strategy to allow for future large-scale investments [6] - The company has not experienced significant impacts from global trade uncertainties, demonstrating flexibility and resilience in its supply chain and pricing strategies [6] Group 4 - Amazon is evolving into a "technology infrastructure company," with a balanced focus on retail, advertising, and cloud computing, particularly in the context of the AI revolution [7] - The company's advertising system is becoming a comprehensive ecosystem that connects content, scenarios, and conversions, enhancing its value to brand advertisers [7] - With a solid revenue growth and diversified business structure, Amazon is well-positioned to navigate economic cycles and capitalize on the accelerating adoption of AI technologies [7]