On a trailing twelve-month basis, free cash flow dropped sharply to just $1.2 billion due to a $59.3 billion year-over-year surge in capital expenditures.
On a trailing twelve-month basis, free cash flow dropped sharply to just $1.2 billion due to a $59.3 billion year-over-year surge in capital expenditures.
Meanwhile, Outfront Media, a provider of out-of-home advertising, has announced a strategic partnership with Amazon Web Services to modernize out-of-home planning and buying through AI-enabled workflows.
According to a CNBC report, the agreement comes at a time when the company and the FTC were three days into the trial in a Seattle courtroom, with opening arguments having been made on Tuesday.
According to a CNBC report, the trial was expected to last approximately a month, and jury selection began on Monday, with opening arguments scheduled for Tuesday.
Truist stated that Amazon's North American revenue is tracking approximately $1 billion ahead of the consensus estimate of $105 billion, according to its card data through September 6.