Amazon CEO Reports Prime Video Profitability and Content Spending

• Amazon CEO Andy Jassy reported that Prime Video is profitable and generates tens of billions of dollars annually.
• Amazon's Q3 content spending increased by 7% to $5.9 billion.
• Amazon's stock price declined as the company missed Q3 earnings estimates and ad revenue growth slowed.
• Investors are concerned about Amazon's continued investment in AI infrastructure, which affected free cash flow.
• Despite the overall financial challenges, Prime Video remains a bright spot for Amazon.