Its “other” business segment, which is largely its lucrative advertising business, increased 77 percent, to almost $7 billion.Īmazon previously disclosed that 200 million people pay for Prime memberships, and subscription revenue for that service and others reached almost $7.6 billion in the quarter.
Revenue from merchants listing items on its website and using its warehouses was up 64 percent, to $23.7 billion. The most profitable parts of Amazon’s retail business boomed. Shares were up as much as 5 percent in aftermarket trading. The first-quarter results surpassed Wall Street’s expectations. It also posted $8.1 billion in profit, an increase of 220 percent from the same period last year. With the pandemic shifting sales online and consumers flush with stimulus checks, Amazon on Thursday reported $108.5 billion in sales in the first three months of the year, up 44 percent from a year earlier.
0 kommentar(er)
