Prime Video’s European Expansion Drives Revenue Up By 22% to $4.5 Billion

Prime Video’s expansion across Europe has helped drive home entertainment revenues up by 22% to £3.5 billion ($4.5 billion), new company filings show. Records filed last week with the U.K.&#8…

Prime Video’s expansion across Europe has helped drive home entertainment revenues up by 22% to £3.5 billion , new company filings show.

The U.K.-registered company, which is a subsidiary of Amazon’s ultimate Seattle-based parent company Amazon.com Inc, primarily provides film, music and entertainment services across the U.K. and Europe. Its primary sources of income come from subscriptions, digital sales and rentals as well as providing marketing support services to other Amazon companies

Following an increase in marketing expenses and cost of sales the company posted a profit of £55 million .

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