Summer 2026, Fall 2026
Posted on 4/9/2026
Global online marketplace and cloud services
CA$43.13 - CA$72.02/hr
Winnipeg, MB, Canada + 5 more
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Amazon operates a global e-commerce platform with a large online marketplace that connects consumers to both direct sales and third-party sellers across many product categories. It earns money from product sales and marketplace fees, Amazon Prime subscriptions, and AWS cloud services, plus a large Amazon Associates affiliate network. The platform combines fast shipping, streaming, cloud computing, and digital services to reach customers across numerous countries. Its goal is to be the world’s most customer-centric company by offering convenient access to a wide range of products and services.
Company Size
10,001+
Company Stage
IPO
Headquarters
Seattle, Washington
Founded
1994
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Company Equity
Amazon reported $716.9 billion in revenue for fiscal 2025, up 12.4% year-on-year, with net income of $77.7 billion and a 10.8% net margin. The e-commerce and cloud giant maintains a 0.4x debt-to-equity ratio and generated $7.7 billion in free cash flow. StubHub, the live event ticketing marketplace, recently partnered with Vivenu to connect event organisers with its 125 million ticket seekers. The company distributes its mobile applications through major platforms including Apple's App Store. Amazon's diversified business spans retail, cloud services through AWS, and advertising. StubHub operates as a specialised marketplace connecting ticket buyers and sellers, including individual fans and professional resellers.
Agility Robotics is going public through a SPAC merger with Churchill Capital Corp XI at a $2.5bn valuation, significantly below private humanoid robotics rivals. The Oregon-based company expects to raise over $620m in proceeds, with the merger closing in Q4 2026. The valuation trails competitors substantially. Apptronik raised funds at above $5bn, whilst Figure AI closed Series C funding at a $39bn post-money valuation. Investors cite Agility's relatively weaker position on deployments and technology as justification for the discount. Agility has booked over $300m in multi-year revenue tied to roughly 1,000 robots, with 65,000 operational hours across nine customer facilities. However, analysts caution this backlog involves contracts for robots still in development, with cancellation provisions. Industry experts warn against overvaluing humanoid robotics relative to established automation technologies. The company's challenge lies in converting technological promise into repeatable deployments and demonstrable ROI whilst competing against proven automation alternatives already generating substantial revenue.
Amazon and Comcast represent contrasting investment strategies for 2026: high-growth technology versus stable telecommunications income. Amazon recorded FY 2025 revenue of approximately $716.9 billion, up 12.4% year-on-year, with net income reaching roughly $77.7 billion and a net margin of about 10.8%. The company's debt-to-equity ratio stood at roughly 0.4x, whilst free cash flow reached close to $7.7 billion. Comcast reported FY 2025 revenue of approximately $123.7 billion, remaining nearly flat year-on-year. Net income was roughly $20.0 billion, with a net margin of approximately 16.2%. Amazon's strength lies in its retail, cloud computing, and advertising ecosystem spanning over 190 countries. Comcast focuses on broadband connectivity through Xfinity, alongside Universal entertainment properties, having recently separated several cable networks in early 2026.
Seth Klarman's Baupost Group increased its stakes in Amazon and Alphabet during the second quarter, boosting Amazon holdings by roughly 20% to 3.74 million shares and Alphabet by about 16% to 1.37 million shares. The moves are notable given Klarman's value-investing approach. Both companies are heavily investing in AI infrastructure whilst showing strong underlying growth. Amazon's second-quarter operating income jumped to $27.5 billion from $19.2 billion year-over-year, with AWS operating income surging to $16.62 billion. Alphabet's second-quarter revenue grew 24%, whilst Google Cloud revenue soared 82% to $24.8 billion with operating income more than tripling to $8.8 billion. Baupost also doubled its Norwegian Cruise Line stake and opened positions in CME Group, Pershing Square, and Axalta.
Amazon and Alphabet both trade at higher multiples on forward earnings than trailing earnings, an unusual pattern typically signalling expected profit declines. However, the inversion stems from one-off gains inflating recent results rather than deteriorating operations. Amazon's second quarter included $53.4 billion in non-operating income, primarily from Anthropic investments, nearly doubling its operating income for the period. The company raised its capital spending plan to about $220 billion this year, with rising depreciation expected to weigh on future earnings. Alphabet reported second-quarter net income surging 298% to $112.2 billion, driven by $98 billion in unrealised gains on equity securities, including stakes in SpaceX and Anthropic. These paper gains boosted trailing earnings but won't repeat. Both companies' underlying operations remain strong, though the elevated valuations suggest neither trades cheaply once accounting adjustments are made.