AWS Posts Strong Q1 Gains as Amazon Reports $3.8 Billion Loss

Amazon Web Services generates $18.4 billion in revenue and boasts a massive $88.9 billion backlog, contrasting sharply with Amazon's overall quarterly loss.

29 Apr 2022 • 1 min read

Amazon Web Services delivers a strong performance in the first quarter of 2022, generating $18.4 billion in revenue with a 37 percent year-on-year increase. The cloud division achieves an annualized sales run rate of nearly $74 billion while the parent company reports an overall $3.8 billion loss due to struggling retail operations in North America and internationally.

The impressive financial results boost arguments for spinning out the cloud division, despite objections from AWS CEO Adam Selipsky. Amazon executives highlight a massive $88.9 billion backlog of customer commitments, which represents a 68 percent jump from the previous year and carries a weighted average remaining life of 3.8 years.

In addition to the cloud success, Amazon's advertising segment grows to $7.9 billion in revenue, up from $6.4 billion in the same period last year. The company plans to continue its relentless infrastructure build-out to provide customers with single-digit millisecond latency performance, even as the broader corporation navigates significant financial headwinds.

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