Amazon CEO says Prime Video is profitable at tens of billions as Q3 content spend reaches $5.9 billion
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Amazon’s share price fell after the company missed third-quarter earnings estimates and ad revenue growth slowed, while large AI infrastructure spending weighed on free cash flow. On the earnings call, CEO Andy Jassy said Prime Video is profitable and generates tens of billions of dollars annually, and that content spending grew 7% in Q3 to $5.9 billion.
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