Culture & Entertainment
Amazon CEO Says Prime Video Is Profitable and Generates ‘Tens of Billions of Dollars’ Annually; Content Spending Grew 7% in Q3 to $5.9 Billion
Source: Variety · Published
Amazon’s stock price is down after the ecommerce giant missed Q3 earnings estimates and ad revenue growth slowed in the quarter — while investors are rattled by its continued massive investment in AI infrastructure, which put a crimp in free cash flow. But on the company’s earnin
Amazon’s stock price is down after the ecommerce giant missed Q3 earnings estimates and ad revenue growth slowed in the quarter — while investors are rattled by its continued massive investment in AI infrastructure, which put a crimp in free cash flow. But on the company’s earnings call, CEO Andy Jassy called out bright spots […]
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