Amazon misses profit estimates, touts PrimeVideo sub growth
Carnival RowDuring the most recent quarter, Amazon launched its Prime Video subscription service in the United Arab Emirates.
Prime also includes free delivery of goods purchased, and the company said operating expenses grew 21 percent to $60.3 billion as it invested about $800 million in one-day delivery. Amazon reported sales of $63.4 billion while analysts had forecast $62.5 billion. It recorded net income of $5.22 per share but analysts were looking for about $5.57.
Amazon also said it will hire almost 12,000 new employees in Europe this year, which will give it 95,000 workers there, and it has pledged to "upskill" 100,000 U.S. employees by spending $700 million for training.
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