The change will take effect on February 18 for new Prime members and after March 25 for existing members.
And while the company posted operating losses in its North American and international e-commerce businesses, its main profit engine, Amazon Web Services, saw a nearly 49% increase in profit. operating at $5.3 billion. AWS also generated more year-over-year revenue than in any other quarter in its history, Amazon Chief Financial Officer Brian Olsavsky said Thursday in a call with analysts.
Overall sales in the quarter rose more than 9% from the year-ago quarter to $137.4 billion, just below the $137.6 billion forecast by analysts.
Amazon shares jumped as much as 17% in after-hours trading after Thursday’s report.
Despite the positive initial reaction from investors, some analysts have noted that Amazon faces an uphill battle over the coming quarters as it battles rising costs and outruns a period when people may have been more dependent on online shopping before Covid-19 vaccines became widely available. The company forecast net sales growth of between 3% and 8% for the first quarter of 2022, a significant decline from the nearly 44% sales growth it had experienced in the same period a year earlier. early.