July 30, 2020
Amazon July 30 announced it generated $45.9 billion in second-quarter (ended June 30) online retail revenue, which includes physical and digital media content, books, music, videos, games and software. Sales include digital products sold on a transactional basis. The 48% increase compared with $31 billion in online revenue during the previous-year period.
Subscription revenue, which includes annual and monthly fees associated with Amazon Prime memberships, as well as audiobook, digital video, digital music, e-book, and other non-AWS subscription services, increased 29% to $6 billion, from $4.6 billion a year ago.
Total revenue across all operating segments totaled $88.9 billion, up more than 40% from $63.4 billion in the previous-year period.
“This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” founder/CEO Jeff Bezos said in a statement.
In entertainment, Prime Video launched Watch Parties, a feature that enables Prime members to interact with each other via chat on a desktop while watching Prime Video content, including TV shows and movies.
Prime Video introduced Prime Video Profiles, allowing customers to create and manage up to six profiles within a single account. Each profile offers individualized recommendations, season progress, and watchlists based on individual profile activity.
Amazon premiered several Amazon Original series, including “Upload” from Emmy-winner Greg Daniels, “Homecoming” season two, “Bosch” season six, and “Regular Heroes,” a docuseries focusing on COVID-19 heroes. Additionally, Amazon premiered several original movies, including Selah and the Spades, The Goldfinch, The Vast of Night, 7500 and the family action-comedy My Spy, along with local Indian movies Ponmagal Vandhal and Gulabo Sitabo.