Americans are obsessed with Amazon Prime, and it shows
Apr 25, 2024, 16:20 IST
- Amazon Prime had 180 million members in March, according to new data.
- That's 75% of all US shoppers, Bloomberg Businessweek reported.
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Now more than ever, you're more likely than not to be an Amazon Prime member.About 180 million people had a Prime membership as of March, Bloomberg reported on Tuesday, citing data from Consumer Intelligence Research Partners. That represents an 8% increase from 2023, according to the data.
It also brings the share of US consumers who have Prime to 75%, per the report. Amazon did not immediately respond to a request for comment from Business Insider.
Online shopping, including from Amazon, took off during the pandemic. The new numbers suggest that Prime still has growth potential, albeit at a less rapid rate.
Prime fees, which cost $15 a month or $140 annually, are a key source of revenue for Amazon. Analysts surveyed by Bloomberg expect the company's subscription revenue for the first quarter will jump 12% to $10.8 billion; data are due April 30.
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Walmart, meanwhile, has been expanding its Walmart+ subscription program for years.
Some shoppers have still managed to avoid signing up for Prime. But in a sign of how engrained Amazon has become in the e-commerce world, even items bought on other websites, such as eBay, end up being shipped by Amazon.
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