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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

Variety's headline. Reported by Variety.

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What Variety reported

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 Ja

The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.

Who is covering it

  1. Variety United States 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 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 Ja 3 h ago · Tier 2

Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.

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