Amazon . com sells an awful lot of goods and services to generate half a trillion dollars in annual revenue. But it is what the company isn’t selling right now that counts for a lot.
Amazon’s first-quarter results late Thursday were strong in many respects. Revenue rose 9% year over year to $127.4 billion, beating Wall Street’s projections for 7% growth. That was driven by better-than-expected sales across most of the company’s business lines, particularly advertising, subscription services and third-party seller services.