Amazon Pours in the Profits

*By Mike Teich* Amazon shares jumped nearly 4 percent Friday after the e-commerce juggernaut delivered blockbuster earnings results on Thursday. The tech giant impressed investors by delivering operating profit of $1.9 billion. Amazon's blockbuster numbers reflected its success in retail sales and growth in its cloud services business, said Michael Pachter, an analyst from Wedbush Securities. Amazon also announced that it would be raising its Prime membership fee by $20, up to $119 a year. Pachter said the "odds are less than 1 percent that there is a decline in membership" as a result of the price hike. Pachter compared Amazon Prime's cost to Netflix, noting that Prime was priced below Amazon's video-streaming rival and offers content that is "75 percent as good."

More In Business

Rewiring Rest: How Somnee Is Changing the Way We Sleep

Somnee CEO Tim Rosa shares how next-gen sleep wearables, tACS technology, and data-driven insights are redefining recovery and performance.

Beyond the Burn: How Orangetheory Is Shaping the Future of Studio Workouts

Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.

Markets React to Fed Cut: Citi on Earnings, AI Spending, and the Road to 2026

Citi’s Drew Pettit breaks down how the Fed’s latest rate cut is reshaping equity markets, earnings expectations and sector strategy.

Inside Wealthfront’s Big IPO Moment and the Future of Robo Advisors

Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."

Big Business This Week: Inside the battle for Warner Bros.

It’s the intrigue of the hour in Hollywood, and the implications are real for the U.S. entertainment and news industries.

Why a sequel isn’t always the answer to people’s demands for more

Ask yourself if you actually want to see some of the popular film franchises continue.

Inside the Fed’s Decision to Cut Rates

The Fed cut rates, sparking market swings. Bill Mann unpacks the decision, the economy’s direction, policy risks, and what investors should know.

The Hybrid Work Revolution: Why Mark Dixon Says the Office Will Never Be the Same

Mark Dixon shares how IWG supports companies through hybrid work, RTO shifts, and the next era of flexible workspaces.

Inside the Surge: How Sports Betting Is Dominating the U.S. Market

U.S. sports betting is booming as NFL and college football fuel massive activity. BetMGM CEO Adam Greenblatt breaks down trends, growth, and what’s next.

Inside Netflix’s $72B Gamble: Is This the End of Traditional Hollywood?

With a merger this big, creators, studios, and theaters all face uncertain futures. Here’s what experts are worried about and what good could come from it.

Load More