iWorld
Amazon posts stronger-than-expected Q2 result
MUMBAI: E-commerce giant Amazon posted much-stronger-than-expected second quarter earnings. Owing to growth in prime subscriptions, cloud computing and nascent advertising business, the company topped $2 billion in quarterly profit for the first time in its history. Analysts predict those two factors will continue to push the company forward in coming quarters.
Net income increased to $2.5 billion in the second quarter while last year in the same quarter the growth was $197 million. Net sales increased 39 per cent to $52.9 billion in the second quarter, compared with $38.0 billion in second quarter 2017. However, the sales growth was slightly below Wall Street’s estimates.
“A big contributor to the quarter and the last few quarters obviously has been strong growth in our highest profitability businesses and also advertising,” CFO Brian Olsavsky said. “We’ve seen a greater-than-expected efficiency in a lot of our spend in things like warehouses, data centres, marketing.”
This was the third consecutive quarter that Amazon has topped $1 billion in profit. Amazon’s cloud computing business, Amazon Web Services division, jumped to more than $6 billion in sales for the quarter. “Amazon Web Services is basically the silver bullet for them for future growth,” Synovus Trust senior portfolio manager Dan Morgan said as quoted by CNN.
“I would say that, in addition to the operating efficiencies, advertising is also starting to make an impact on gross profit, although advertising is smaller in the international segment than it’s in North America, it’s growing at a same rapid clip year-over-year,” Olasavsky said in an earnings call.
“We continue to invest. We’re investing in India obviously, and have seen good traction there. We just passed our Fifth Year Anniversary – celebrated our Fifth Year Anniversary, as the most visited site in India. So we think there’s a lot of great innovation that has continued to occur for Indian consumers and sellers, and that will continue,” he commented on Indian market.
Amazon is on an upward journey this year. Earlier this month, its market value topped $900 billion for the first time. Following the result, the stock jumped 3 per cent in afterhours trading.
iWorld
JioHotstar and OpenAI partner to bring ChatGPT-powered personalised content to 500m Indian viewers
Fireside chat at AI Impact Summit 2026 highlights AI-driven content discovery and personalised storytelling
DELHI: At the AI Impact Summit 2026, a defining conversation unfolded between Uday Shankar, vice-chairman, JioStar, and Sam Altman, ceo and co-founder, OpenAI, spotlighting how AI is transforming creation, distribution and consumption of content.
The discussion coincided with Jiostar’s landmark announcement: a partnership between JioHotstar and OpenAI that will embed ChatGPT-powered conversational search and discovery into the platform. The move aims to deliver seamless, multilingual, deeply personalised experiences for India’s 500 million-plus viewers, fundamentally redefining how content is discovered and consumed.
“There’s a lot of noise about content overload. We see a different reality. In a country as diverse as India, there isn’t enough content that truly reflects its cultural and regional nuance. That’s the opportunity,” said Shankar. “Across content, commerce and consumer experience, this partnership lets us rethink the ecosystem. Technology now allows storytelling to move from static and broad to dynamic and deeply personalised, aligned to the unique tastes of every consumer. The future isn’t more content. It’s more relevant content.”
Altman added perspective on India’s AI momentum: “What feels different here is the energy. There is a clear sense of going all in on AI, not just as individual companies, but as a country. Safety has to be taken seriously. Ensuring that benefits are widely distributed has to be taken seriously. But above all, the focus is on creating real value for companies and for people through the services we build. That is the balance driving this moment.”
The partnership signals a shared commitment to responsibly scale AI-powered experiences that deliver tangible business value while making a meaningful impact on consumers. By combining India-specific content nuance with OpenAI’s generative intelligence, Jiostar is betting on a future where discovery, engagement and relevance replace sheer volume—setting the stage for a new era in personalised entertainment.
