Amazon Hits Another Fiscal Quarter Home Run, Media Revenue Up 48%

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.

One thought on “Amazon Hits Another Fiscal Quarter Home Run, Media Revenue Up 48%”

  1. Why is Prime Video the most technically problematic of all popular steaming sites? I sell home theater systems for a living and Prime is the one service that is always causing issues with my customers (and myself as well). From problems with stuttering and audio sync issues on some streaming devices, to Dolby Vision and Atmos not working on so many streaming devices, to making it more difficult to find 4K programs than any other streaming site (they actually catalog the the 4K version and HD version of every movie and TV show as separate titles. You can’t just click on a show and automatically get it in 4K if it is available, you must search for and find the 4K version of it (often hidden in their app on many devices) than click on that version to see the program in 4K). Why, when you click on a title from a 4K streaming device, there isn’t a box that says WATCH IN 4K that takes you to the 4k version of that title is still a mystery nobody at Prime seems to be able to answer. Recently, complaints began appearing in the net that people could no longer get Dolby Vision or Atmos, to which dozens and dozens of complainers all reported being told they were the only user who had ever complained of this issue. And many AppleTV users can no longer get HDR in any form from Prime! Smaller sites with a fraction of Prime’s budget can get their sites to run properly on different platforms, so why can’t a giant like Prime (second only to Netflix) figure it out. They are so slow to fix issues (if they ever get around to addressing them at all), that it seems to indicate a lack of anyone at Prime actually caring. Who runs the technical end of Prime and why are they so bad at what they do? And, why haven’t they been replaced by someone competent by now? I’m so tired of contacting them and hounding them to simply fix problems that I have given up. I’m tired of being their unpaid quality control division. In fact, I pay them to subscribe. If they were willing to pay me, I would gladly do the simple job of regularly checking how their service is running on various steaming boxes and report it to the people who will not respond by fixing the issues (or will take months and months and months to finally get around to it when other steaming services fix these problems as soon as they are reported). Again I ask, Why is Prime’s technical department so bad at what they do?

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