Amazon posted $ 108.5 billion in revenue for the first three months of the year on Thursday, up 44 percent year over year. The company posted profits of $ 8.1 billion, an increase of 220 percent over the same period last year.

The first quarter results exceeded Wall Street’s expectations. In aftermarket trading, shares rose by up to 5 percent.

The most profitable parts of Amazon’s retail business were booming. Revenue from merchants listing items on their website and using their warehouses rose 64 percent to $ 23.7 billion. The “other” business area, which is mainly the lucrative advertising business, rose by 77 percent to almost 7 billion US dollars.

Amazon previously announced that 200 million people are paying for Prime memberships, and subscription revenue for this and other services hit nearly $ 7.6 billion in the quarter. In addition to paying $ 119 per year or $ 12.99 per month for free shipping and …

Source link

Leave a Reply