News > Amazon profits surge as company raises price of Prime membership
Amazon profits surge as company raises price of Prime membership
LiveMint | 04/02/2022 10:47 PM | Click to read full article
Amazon’s profits surged to $14.32bn in a fourth-quarter marked by record holiday sales, the company said in its earnings report on Thursday, while also announcing an increase in the price of Amazon Prime membership to help compensate for rising operating costs.
In the three months ending in December 2021, sales for the e-commerce giant were up 24% from a sluggish third quarter to $137.4bn.
