Consumers still shopped a lot on Amazon but growth was tempered as the world reopened — compared with the year-ago quarter when the global pandemic was at its height.
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 fast delivery and access to Amazon Prime streaming, is now available in 22 countries with the latest addition of Portugal. CFO Brian Olsavsky said on a call with analysts that video “is good for the Prime program” and Amazon is investing in rolling out the Prime-member benefit across international markets.