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Amazon Prime exceeds 150 mn subscribers

More people signed up prime membership in Q4 than ever before

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MUMBAI: E-commerce giant Amazon has revealed that its subscriber base has grown to over 150 million subscribers. More people signed up prime membership in the fourth quarter than ever before.

Amazon founder and CEO Jeff Bezos boasted of its streaming services’ success as well. Bezos said that the Prime members watched double the hours of original movies and TV shows on Prime Video this quarter compared to last year and Amazon Originals received a record 88 nominations and 26 wins at major awards shows.

The e-commerce company reported its fourth quarter result on Thursday. Net sales increased 21 per cent to $87.4 billion in the fourth quarter, compared with $72.4 billion in fourth quarter 2018. Excluding the $120 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 21 per cent compared with fourth quarter 2018.

Operating income increased to $3.9 billion in the fourth quarter, compared with operating income of $3.8 billion in fourth quarter 2018. Net income increased to $3.3 billion in the fourth quarter, or $6.47 per diluted share, compared with net income of $3.0 billion, or $6.04 per diluted share, in the fourth quarter 2018.

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