Photo: Leon Neal/Getty Images

Amazon announced strong quarterly results Thursday after the market close, with $6.47 earnings per share on an expected $4.04 (per FactSet) and total revenue of $87.44 billion on $86.02 billion expected.

Why it matters: Wall Street has wondered whether Amazon's huge investments in one-day delivery and cloud services would depress its financial performance. This quarter, at least, gave investors a positive surprise.

Details: Amazon CEO Jeff Bezos announced Thursday that its Amazon Prime subscription offering has now reached 150 million users globally, which is just shy of Netflix’s 167 million global paid subscribers.

  • But unlike Netflix, Amazon didn’t offer a geographical breakdown of those subscribers. (The majority of Netflix subscribers are international.)
  • That number is up from “over 100 million” which was last reported almost two years ago.
  • In a statement, Bezos touted the success of Amazon Studios, the entertainment division that creates and acquires thousands of movies and TV shows offered exclusively to Prime members.
  • He didn’t offer any exact viewership metrics, but noted that Prime members watched twice as many hours of original programming (programming produced by Amazon Studios) last quarter than the quarter of the prior year.

On the advertising front, Amazon reported that its “other” category, which is mostly made up of advertising revenue, was up 41% year-over-year to over $4.7 billion.

  • Amazon’s ad business, while growing rapidly, is notably different from Google’s in that it’s mostly marketers paying to promote their products in search, and thus it's more like a fee to participate in the marketplace rather than true low-funnel advertising. To maintain ad growth, Amazon has experimented with more brand ads, especially video.
  • Amazon also announced that its Fire TV hardware product, which competes with Roku and Apple TV, now has more than 40 million active users worldwide.

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Delta CEO: Trump administration should issue mask mandate for air travel

Photo: Al Seib/Los Angeles Times via Getty Images

Delta CEO Ed Bastian on Friday told CNN that he believes the Trump administration should move to require the use of face masks during air travel amid a surge in coronavirus cases.

The big picture: Delta already requires passengers to wear masks during its flights, but Bastian says it can be difficult to enforce that directive if passengers refuse — and he's not sure if other airlines would be on board.

Trump's outdoor New Hampshire rally postponed due to weather

Photo: Win McNamee/Getty Images

President Trump's outdoor campaign rally in Portsmouth, N.H., slated to take place on Saturday, was postponed on Friday due to weather from Tropical Storm Fay, a senior White House official confirmed to Axios.

The state of play: Press Secretary Kayleigh McEnany told reporters on Air Force One that the event would take place in "a week or two" instead. The outdoor rally — which had encouraged the use of face masks — was scheduled after sparse attendance at Trump's indoor comeback to the campaign trail in Tulsa.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 12,333,740 — Total deaths: 556,110 — Total recoveries — 6,781,353Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 3,140,840 — Total deaths: 133,542 — Total recoveries: 969,111 — Total tested: 38,032,966Map.
  3. Public health: The U.S.' new default strategy: herd immunity
  4. ✈️ Travel: Delta CEO says Trump administration should issue mask mandate for air travelAirlines say air quality, cleanliness lower risk.
  5. Sports: Sen. Richard Blumenthal calls on colleges to cancel fall sports.