Amazon blew the doors off all expectations for earnings in the first quarter, helped by comparisons with a year-ago period hit by Covid-19 but also the eruption of several business lines.Video streaming — sometimes a throwaway in the company’s earnings announcements — was this time a centerpiece.
Founder and CEO Jeff Bezos, who is shifting to executive chairman this summer, noted that streaming has risen 70% compared with the same time a year ago.
Prime Video, which has recently marked its 10th anniversary, served film or TV titles to some 175 million global members.Earnings came in at $15.79 per diluted share, compared with $5.01 a year ago.
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