Amazon Earnings Go Into Orbit As Streaming Hours Rise 70% Year Over Year

blew the doors off all expectations for earnings in the first quarter, helped by comparisons with a year-ago period hit by Covid-19 but also the eruption of several business lines.

Video streaming — sometimes a throwaway in the company’s earnings announcements — was this time a centerpiece. Founder and CEO, who is shifting to executive chairman this summer, noted that streaming has risen 70% compared with the same time a year ago. Prime Video, which has recently marked its 10th anniversary, served film or TV titles to some 175 million global members.

Earnings came in at $15.79 per diluted share, compared with $5.01 a year ago. Revenue surged 44% to $108.5 billion. Bezos also gave a major shout-out to Amazon Web Services. “In just 15 years,” he said, “AWS has become a $54 billion annual sales run rate business competing against the world’s largest technology companies. “We love Prime Video and AWS, and we’re proud to have them in the family.”

While the updated and prominent stats for Prime Video were unusual, full visibility into the company’s streaming business remains limited. The company’s programming is rated by Nielsen in the U.S., but unlike Netflix it releases only directional reports on viewing. Last fall, for example, it raved thatwas watched by “tens of millions” of members in its first weekend — not exactly a number that got agents’ calculators humming.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Amazon will report first-quarter earnings after the bellInvestors are watching to see if the pandemic-fueled e-commerce boom will continue as vaccine rollout accelerates and the economy reopens.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Amazon Earnings Are Poised to Surge FurtherThe tech company is set to report first-quarter earnings after markets close on Thursday, with pandemic demand for its e-commerce, cloud-computing and ad services expected to propel gains. Easy to surge when you mistreat your employees so badly but it’s okay! And when do they accept Dogecoin Share price is too high for average investor needs to split 10 times
Källa: WSJ - 🏆 98. / 63 Läs mer »

Amazon delivers a big earnings beat heading into Jeff Bezos' final quarter as CEOBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. BIG DOG KEEPS FUCKING WINNING!! LOVE IT MEXICO RECORD UNDERAGE AND WOMEN INTIMATE VIDEOS FROM TV AND MOBILE DEVICES IS APPROVED BY THE LAW,, IF YOU TRY TO TALK ABOUT HEY USE THAT INFO AGAINST YOU AND YOUR FAMILY TO BLACK MAIL So happy they killed it with earnings. Maybe Amazon can finally afford to pay taxes now 🤞
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Amazon Earnings: What To Expect From The Tech Giant's Second Biggest Quarter EverAnalysts expect the ecommerce company founded by the world's richest person will post a record-breaking $104.5 billion in first-quarter sales. When can we expect the hollowed-out skull volcano island HQ? No federal taxes? Couple of months ago I came across a recommendation about smithjohan43 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Källa: Forbes - 🏆 394. / 53 Läs mer »