It’s financials week for many of the biggest technology companies, including Amazon and Twitter. Amazon’s Q1 numbers revealed revenues of $116.44bn, up 7.3% year-on-year.
Within that, Amazon’s revenues from services (as opposed to product sales) grew by 17.6% to $59.99bn. And within that, subscription services (which includes Prime memberships as well as Amazon Music, Audible and Prime Video) grew by 13% to $8.41bn. There were no new stats published for Amazon Music itself however.
Meanwhile, Twitter published what may be one of its last set of quarterly financials as a public company, revealing Q1 revenues of $1.2bn, up 16% year-on-year. Twitter averaged 229 million ‘monetisable daily active users’ during the quarter, up 6.4% year-on-year.