Business · Companies · 4 hrs ago

Amazon Says Prime Video Is on Track for Tens of Billions in Revenue

Amazon Says Prime Video Is on Track for Tens of Billions in Revenue

Amazon CEO Andy Jassy says Prime Video is profitable and on track for a yearly revenue run rate in the tens of billions of dollars.

Prime Video is Amazon’s streaming service, and Jassy shared the update on an earnings call.

Amazon MGM Studios has made more than $1.2 billion in global box office sales so far this year, with films including Project Hail Mary helping drive the total.

The company also pointed to popular shows and sports broadcasts, including Thursday Night Football, whose first six games this season averaged 17.7 million viewers.

Streaming and studio successes are making entertainment a significant Amazon business, beyond the company’s retail operations.

Reacher season five is filming, and season six has been ordered, while Amazon says more is to come.

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Andy JassyAmazon CEO
has emerged as a significant business with a revenue run rate in the tens of billions of dollars and is now profitable in its own right
via TechCrunch