Amazon Doubles Q2 Net Income to $13.49 Billion on Strength of Amazon Web Services

Available to WrapPRO members

Net sales for Amazon’s subscriptions clocked in at $10.87 billion, a 10% increase year over year

Amazon Earnings
Photo illustration by TheWrap

You are reading an exclusive WrapPRO article for free. Want to level up your entertainment career? Go here for more information.

Amazon doubled its net income in the second quarter of 2024 to $13.5 billion, which it attributed largely to growth in its cloud-based Amazon Web Services (AWS). Net sales for its subscriptions services segment, which includes Prime Video, grew 10% to $10.87 billion in the quarter.

Here are the top-line results:

Net income: $13.49 billion, up 99% from $6.7 billion a year ago.

Earnings per share: $1.26 per share, compared to $1.05 expected by analysts surveyed by Zacks Investment Research.

Want to keep reading?

Create a free account, or log in with your email below.

 

Gain access to unlimited free articles, news alerts, select newsletters, podcasts and more.

 

Kayla Cobb

Kayla is a senior TV writer at TheWrap, covering the business and content of streaming and linear television. Before joining TheWrap in April of 2023, she was the Senior TV Reporter at Decider, the New York Post’s entertainment vertical that focuses on the streaming industry. Kayla is also a member of the Television Critics Association.

Comments