{
  "id": 17128583,
  "title": "Amazon slides on light fourth-quarter sales estimates, high cash burn",
  "url": "https://urgent.news/2026/10/29/amazon-slides-on-light-fourth-quarter-sales-estimates-high-cash-burn-17128583",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T20:08:53.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/amazon-slides-light-fourth-quarter-sales-estimates-high-cash-burn-6504886"
  },
  "original_language": "en",
  "account": "Amazon.com reported weaker-than-expected fourth-quarter revenue estimates and disclosed a massive cash burn in the third quarter, leading to a nearly 7% drop in shares. The company expects revenue between $240 billion and $247 billion for the upcoming quarter, falling short of analysts' average estimate of $244.51 billion. Amazon's capital expenditure reached $77.26 billion in the third quarter, surpassing estimates by $20 billion, while free cash flow was a significant concern for investors. CEO Andy Jassy reassured analysts that Amazon's strategy is working, with AWS projected to reach $1 trillion in revenue in as little as five years. The cloud business, particularly Amazon Web Services, has seen strong growth, with a 39% increase in revenue to $46 billion in the third quarter. Despite the earnings disappointment, industry forecasts anticipate a 4.2% increase in holiday sales.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}