Sep. 11 at 9:36 PM
One part of
$AMZN that I think gets completely slept on: subscription services.
Quarterly revenue:
Q3 2021:
$8.1B
Q2 2026:
$13.7B
And even at nearly
$14B in quarterly revenue, the segment is still growing 12.5% YoY.
Amazon says subscription services includes Prime membership fees, digital video, audiobooks, digital music, e-books, and other non-AWS subscriptions.
Everyone talks about AWS and advertising, and rightfully so.
But Amazon has quietly built another massive recurring-revenue engine that continues to compound at double-digit rates.
That part of the business does not get nearly enough attention.
