Amazon saw second quarter net sales of $113 billion, up 27% but below expectations, dinging the shares, which fell more than 5% in late trading.
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 free fast delivery and access to Amazon Prime streaming — is now available in 22 countries with the latest addition of Portugal.The company’s “other” segment, which primarily includes sales of advertising services, surged 83%,
Read more on deadline.com
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