Airbnb CEO Brian Chesky last week said in an interview with CNBC that the company Amazon Web Services is one of the company’s opportunities to “get more efficient,” even as it cuts costs.
Slack, meanwhile, recently disclosed it made a minimum commitment to Amazon Web Services to spend $425 million in the next five years as the companies announced a new partnership.
Cloud spending disclosures are relatively uncommon, but Business Insider dug through recent earnings reports and other securities filings to compile a list of companies that disclosed a minimum obligation to a provider like AWS, Google, or Oracle.
Below is a list of how much companies like Snap, Netflix, Zoom, Pinterest, and Lyft have committed to spending with Amazon Web Services, Google Cloud Platform, and Oracle Cloud.
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Airbnb has run into some turbulence in the pandemic, and is now looking to cut costs. One of the ways it could do that is cutting cloud spending, and CEO Brian Chesky in a CNBC interview last week Amazon Web Services is one of the company’s opportunities to become more efficient.
“There are still opportunities on Amazon Web Services (AWS) and customer service to get more efficient in how we use data, how we handle contacts,” Chesky said on CNBC. “So we’ll continue to make the business more efficient, but the business is definitely pretty lean at this moment.”
Airbnb doesn’t disclose its cloud spending, but has been on AWS since early on in its existence.
To give some sense of how much companies of Airbnb’s peer companies spend on the cloud, however, workplace chat app Slack recently revealed a commitment to spend at least $425 million on Amazon Web Services in the next five years — providing a rare window into how much companies actually spend on cloud services.
Most companies don’t disclose this kind of spending, though publicly traded firms will occasionally tell investors when they agree to multi-year deals committing to spending a minimum amount with a cloud provider. Signing those deals often yields a discount over the sticker price for cloud services.
Business Insider poured over earnings statements and other securities filings to compile a list of company’s current public commitments to cloud providers AWS, Google Cloud Platform (GCP), and Oracle Cloud.
Notably, companies on this list may be customers of multiple cloud platforms, even if they only listed one in their filings. Also, although Business Insider found very few references to Microsoft Azure, that’s not a reflection of a lack of big customers. Instead, the way that Microsoft structures customer agreements may not require disclosure in securities filings, one expert said.
Here’s how much companies like Snap, Netflix, Zoom, Pinterest, and Lyft have committed to spending with cloud providers Amazon Web Services, Google Cloud Platform, and Oracle Cloud:
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Source:: Business Insider – Tech