Amazon beat Wall Street forecasts for profit and revenue in the first quarter as advertising continued to grow at a healthy clip.
Net income increased to 98 cents per share on a diluted basis, up from 31 cents in the year-ago quarter. Total revenue reached $143.3 billion, up 13%.
Both metrics were about 15% ahead of analysts’ consensus outlook. Advertising services, a category that includes Prime Video, increased 24% to $11.8 billion.
As part of a broader push, the tech giant began running ads on Prime Video scripted originals earlier this year. Already, it had built an ad business on its Freevee service as well as gamer-centric Twitch.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.