Amazon.com Just Reported Its Fastest Subscription Growth Ever
When Amazon.com (NASDAQ: AMZN) started reporting its subscription services revenue at the beginning of 2017, it provided revenue and growth numbers dating to the beginning of last year. While subscription services revenue growth has been quite strong since the start of 2017, Amazon just reported its fastest growth rate yet -- 59% year over year.
Amazon offers several subscription services, including Music Unlimited and Prime Video, but the biggest source of subscription revenue is undoubtedly Prime. The international expansion of the service, the monthly payment option Amazon introduced last year, and the success of Prime Day all contributed to Amazon's record quarter.
Image source: Amazon.com.
Source: Fool.com
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