News
Erik Gruenwedel
January 30, 2020
Amazon on its Jan. 30 fiscal call confirmed it ended fiscal-year 2019 with 150 million Prime members worldwide. That’s a 50% surge from the last official membership disclosure of 100 million Prime members.
Prime members have access to Prime Video and other Prime features such as music and books, suggesting Prime Video now has about 17 million subs less than Netflix. Amazon also offers Prime Video as a separate standalone service.
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“We mentioned that more people joined Prime in Q4 than any other quarter before,” CFO Brian Olsavsky said on the call.
Olsavsky said the subscriber surge helped Amazon exceed its high-end revenue guidance of $86.5 billion by $900 million, including about $400 million in foreign exchange rates.
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Amazon subscription services segment revenue topped $5.2 billion in the quarter, up 32% from the previous-year period of $3.9 billion.
“What we saw was essentially very strong holiday performance from the middle of November on,” he said.
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