Amazon saw second-quarter net sales of $113 billion, up 27% but below expectations, dinging the shares, which fell more than 7% in late trading.
Consumers still shopped a lot on Amazon but growth was tempered as the world reopened — compared with the year-ago quarter when the global pandemic was at its height.
Net profit came in at a strong $7.8 billion, or $15.12 a share — up from $5.2 billion or $10.30.
Subscriptions services, which includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-aws subscription services, grew revenue by 32% to $7.9 billion. Prime, which offers members unlimited fast delivery and access to Amazon Prime streaming, is now available in 22 countries with the latest addition of Portugal. CFO Brian Olsavsky said on a call with analysts that video “is good for the Prime program” and Amazon is investing in rolling out the Prime-member benefit across international markets.
Consumers still shopped a lot on Amazon but growth was tempered as the world reopened — compared with the year-ago quarter when the global pandemic was at its height.
Net profit came in at a strong $7.8 billion, or $15.12 a share — up from $5.2 billion or $10.30.
Subscriptions services, which includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-aws subscription services, grew revenue by 32% to $7.9 billion. Prime, which offers members unlimited fast delivery and access to Amazon Prime streaming, is now available in 22 countries with the latest addition of Portugal. CFO Brian Olsavsky said on a call with analysts that video “is good for the Prime program” and Amazon is investing in rolling out the Prime-member benefit across international markets.
- 7/29/2021
- by Jill Goldsmith
- Deadline Film + TV
Amazon has announced that artists Billie Eilish, H.E.R., and Kid Cudi will star in the Prime Day Show, a three-part immersive musical event presented by Amazon Music airing in celebration of this year’s Prime Day.
All three episodes of the Prime Day Show will premiere globally on Prime Video on June 17th. The event will be available to all customers for 30 days, with or without a Prime membership.
Prime Day Show viewers will be treated to three unique performances that fuse music and storytelling, transporting fans to worlds inspired by Paris,...
All three episodes of the Prime Day Show will premiere globally on Prime Video on June 17th. The event will be available to all customers for 30 days, with or without a Prime membership.
Prime Day Show viewers will be treated to three unique performances that fuse music and storytelling, transporting fans to worlds inspired by Paris,...
- 6/3/2021
- by Sage Anderson
- Rollingstone.com
Amazon is enlisting Billie Eilish, H.E.R. and Kid Cudi to help eventize its annual Prime Day sale.
The company is releasing a “three-part immersive musical event” titled The Prime Day Show with each of the artists creating their own half-hour episode of unique music performance content.
Eilish will bring a “timeless, Parisian neighborhood to life with a series of cinematic performances” and feature new music from her upcoming album, Happier Than Ever.
H.E.R.’s episode is set at Los Angeles’ iconic Dunbar Hotel, which hosted Black music icons such as Duke Ellington, Lena Horne and ...
The company is releasing a “three-part immersive musical event” titled The Prime Day Show with each of the artists creating their own half-hour episode of unique music performance content.
Eilish will bring a “timeless, Parisian neighborhood to life with a series of cinematic performances” and feature new music from her upcoming album, Happier Than Ever.
H.E.R.’s episode is set at Los Angeles’ iconic Dunbar Hotel, which hosted Black music icons such as Duke Ellington, Lena Horne and ...
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.