I run a leaderboard of major news publishes (mostly English language based ones). It relies on WebPageTest.org and tests about 60+ articles pages nightly on 3G and 'Fast 3G' speeds. The myth that you cannot have a fast web page AND have ads on it is a myth. Several organizations do it and do it well (DotDash dominates the board with their sites).
Before I hit API limits on WPT I was also testing against the AMP version of the page too. The speed differences between the regular page load and the AMP page load was often very similar. I recall in some cases (Quartz, Guardian, NYT) that regular pages loaded faster than AMP.
That aside, assuming a regular web page took 10 seconds to load (a top 10 article) you would expect that the AMP page would be faster, say down to 2 or 3 seconds in Load Time in order to make the effort of having yet another template/format to support and to justify the effort to re-implement analytics, pay-wall, and ads?
Very often it was the a saving of only a second or two. It all adds up, but as someone who works with resource strapped publishes thats not worth the resources. Thats especially true when I could have spent all that time optimizing our regular pages instead of this other project.
Why do people think AMP is faster? Pre-caching by Google.
The thing is Google (IMHO) could pre-cache regular web pages too. They don't. They don't even issue guidelines on how to make your site cache friendly, they insist on this whole specification/implementation and insist on hosting it remotely and create all sorts of barriers.