AWS has a lot of pre-committed revenue[1]: > For contracts with original terms that exceed one year, those commitments not yet recognized were $110.4 billion a

AWS has a lot of pre-committed revenue[1]: > For contracts with original terms that exceed one year, those commitments not yet recognized were $110.4 billion as of December 31, 2022. The weighted average remaining life of our long-term contracts is 3.7 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term. Even if new business stops, and that revenue extends beyond contracted terms, it should provide a nice cushion. [1]: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001018724/d2fde7ee-05f7-419d-9ce8-186de4c96e25.pdf https://d18rn0p25nwr6d.cloudfront.net/CIK-0001018724/d2fde7e... (10-K, page 49)