Jul. 30 at 11:59 PM
I've been following and dissecting Amazon earnings for well over a decade. The "tollbooth of commerce" release today was their best in nearly 5 years. HOWEVER, the shift of Prime Day certainly helped.
$AMZN
So what?
The shift in Prime Day timing clearly helped results in terms of sales, 3rd party seller services, advertising and inventory performance. However, no one can deny the acceleration of AWS. Amazon has shown an ability to monetize the outsized capex and now negative free cash flow to drive growth. If this performance continues, AWS will be the greatest moat Amazon has ever built beyond their distribution network for Prime. The tollbooth of commerce continues.