E-commerce giant Amazon.com (NASDAQ: AMZN) released financial data for the first quarter after the market closed on Thursday, highlighting the growth of its Prime members and the AWS business.
What happened: Amazon reported sales of $ 108.5 billion in the first quarter, beating the street estimate of $ 104.5 billion. Sales increased by 44% compared to the previous year. Earnings per share were $ 15.79, beating an estimate of $ 9.54.
Quarter highlights: Using the quarterly financial report as an opportunity to highlight the company’s vision of being the best place to work and the safest place to work, Amazon cited COVID-19 vaccine sites and partnerships with health centers. The company also discussed community support, The Climate Pledge, and small business empowerment.
Amazon Prime has over 200 million paid members.
The company saw the strong performance of its entertainment business with multiple award wins and nominations. “Coming 2 America” was also the number one streaming movie on the opening weekend and the best …