Wednesday, an MGM-produced series on Netflix, debuted at No. Prime Video also released new seasons of existing series, including the fourth volume of Rihanna’s annual fashion experience Savage X Fenty and the third season of Tom Clancy’s Jack Ryan, starring John Krasinski. Seuss Baking Challenge My Policeman,starring Harry Styles and documentary Good Night Oppy. Original series and film premiers including Western drama The English, with Emily Blunt family-friendly competition show Dr. TNF featured the most streamed NFL games ever, with an average audience of 11.3 million viewers, according to combined data from Amazon’s first-party measurement metrics and Nielsen Media Research. It said it finished the Thursday Night Football season with the youngest median age of any NFL broadcast package since 2013 and viewership up 11% from last season among 18- to 34-year-olds, according to Nielsen Media Research. It was the most watched Amazon Original series in every region of the world, with more than 24 billion minutes streamed, and driving more Prime sign-ups worldwide during its launch window than any previous Prime Video content.Īmazon Studios also announced the all-female slate of directors-Charlotte Brändström, Sanaa Hamri, and Louise Hooper-for Season Two of The Lord of the Rings: The Rings of Power, which is currently in production in the UK. The company noted the first season of The Lord Of The Rings: The Rings of Power attracted more than 100 million viewers worldwide. Key web services division AWS saw segment sales rise 20% year-over-year to $21.4 billion.Īdvertising revenue of $11.56 billion, up 19%, was a bit higher than anticipated, with growth outpacing rivals like Snap, Facebook and Google. Massive layoffs at Amazon mirror the rest of the tech sector. Some $2.7 billion of Q4 charges included $640 million in severance costs. That was due in large part to its investment in electric automaker Rivian. The company lost money for the full year, with $2.7 in red ink, for the first time since 2014. Net income plunged to barely $300 million in the fourth quarter, or 3 cents a share, from $14.3 billion, or $1.39. International segment sales decreased 8% year-over-year to $34.5 billion, or increased 5% excluding changes in foreign exchange rates. North America segment sales increased 13% year-over-year to $93 billion. The company, which expanded dramatically during Covid when online shopping exploded, is still dealing with a post-pandemic hangover as more people return to brick-and-mortar stores.Įntertainment, still a small part of the pie and not broken out, got quite some ink in the earnings report, especially The Lord Of The Rings: The Rings Of Power to Thursday Night Football. Online sales and web services were both fell short of expectations as consumers and businesses alike cut back on spending in a high-inflation, high-interest rate world. the e-commerce giant’s least profitable holiday quarter ever. PREVIOUSLY: Amazon said today its revenue rose 9% to $149 billion for the fourth quarter, beating forecasts, on a big drop in net income that made the three months ended in Dec. “Do I think every one of our new investments will be successful? History woudl say that would be a long shot. “We are very enthusiastic about our investment in streaming entertainment, devices, satellite (Project Kuiper), health care, and a few other things,” he said. Asked about priorities in the current climate, he listed a few things the company is leaning into - including entertainment. Growth at its core e-commerce and Amazon Web Services slowed last quarter. That sequed to disruption from the Russia-Ukraine War, skyrocketing inflation, high interest rates and an uncertain economy all taking hold on his watch. He took the reins from Jeff Bezos in May of 2021 on the heels of a Covid boom in business for the company. George Clooney MGM Movie 'The Boys In The Boat' Sets Christmas Day VoyageĪmazon (which acquired MGM last year for $8.5 billion in cash) carefully evaluates its return on spending across its businesses and, said Olsavsky, “We continue to be encouraged by what we see, as video has proven to be a strong driver of Prime member engagement, and new prime member acquisition.” The Lord Of The Rings: The Rings of Power which ended its first season in the fourth quarter, drove more Prime sign-ups worldwide during its launch window than any previous Prime Video content.Ĭontent is still a small component in the giant company’s total cost of sales, which last year stood at $289 billion.ĬEO Andy Jassy also weighed in.
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