By John Glenday

Amazon has lifted the veil on revenues generated by its Amazon Prime subscription service for the first time, revealing that it generated $6.4bn (£5.2bn) over the past year.

This figure puts it well behind Amazon’s retail and web services divisions in 2016 which raked in $91.4bn and $12.2bn respectively.

Amazon’s filing with the US Securities and Exchange Commission showed revenue growth as a whole slowed at the online retailer from a breakneck 61.7 per cent year-on-year in 2015 to 43.1 per cent in 2016.

On the other hand, the etailer spent $103m less on acquisitions than it Read full story ›

Source: The Drum