Amazon sales top $108B as Bezos touts Prime and cloud growth:
Amazon's sales soared as CEO Jeff Bezos prepares to step aside for his successor Andy Jassy.
foxbusiness.com/markets/amazon-sales-top-108b-bezos-touts-prime-cloud-growth
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Amazon's Prime and Cloud Drive Remarkable GrowthQ1 revenues rose 44% to $108.5B; AWS revenue hit $13.5B as Bezos prepares to hand over CEO role to Jassy.
Key FactsApr 30, 2021 · Reading time: ~45 sec.
Summary created with AI assistance · Source: foxbusiness.com
Summary created with AI assistance · Source: foxbusiness.com
- Amazon exceeded its revenue expectations in Q1, reporting a 44% increase to $108.5 billion.
- North America generated $63.4 billion in sales, while international operations turned profitable with $1.25 billion operating income.
- Prime Video surpassed 200 million paid subscribers with streaming hours growing over 70% year-over-year.
- Amazon Web Services grew revenue by 32% to $13.5 billion, maintaining its position as a key growth driver.
In just 15 years, AWS has become a $54 billion annual sales run rate business competing against the world’s largest technology companies, and its growth is accelerating.— Jeff Bezos, CEO of Amazon, discussing the growth of Amazon Web Services.
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subsidiary of Amazon that provides on-demand cloud computing platforms on a metered pay-as-you-go basis
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