"Amazon's net sales grew 17% to $181.5 billion, significantly exceeding Wall Street's expectations of $177.16 billion. The company also reported a profit of $30.3 billion, or 2.78 per share, which included pre-tax gains of $16.8 billion from investments in Anthropic."
"Advertising services revenue increased by 24% to $17.2 billion, while subscription services revenue, which includes Amazon Prime memberships, grew 15% to $13.4 billion, reflecting strong demand across various segments."
"Prime Video's ad tier has reached over 315 million monthly active users globally, with more than 130 million in the United States. Users can upgrade to an ad-free experience for $4.99 per month, up from the previous fee of $2.99."
Amazon reported net sales of $181.5 billion and a profit of $30.3 billion for the first quarter, surpassing Wall Street's expectations. The company forecasts net sales between $194.0 billion and $199 billion for the second quarter, indicating growth of 16% to 19%. Advertising services revenue grew 24% to $17.2 billion, while subscription services revenue increased 15% to $13.4 billion. Prime Video's ad tier has over 315 million monthly active users globally. The quarter also featured the successful release of 'Project Hail Mary,' generating nearly $615 million in box office revenue.
Read at TheWrap
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