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.
Follow us on Instagram
“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.
Subscribe HERE to the FREE Media Play News Daily Newsletter!
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.
Related Posts
Amazon Unveils Best of Prime 2017Amazon Jan. 2 announced its Best of Prime 2017 — revealing some of Prime members' favorite content of the year. Prime members used their digital benefits in 2017 more than in any previous year, according to the company. Customers in…
Report: Amazon Prime Has 101 Million Members in the U.S.Amazon reportedly has more than 101 million subscribers in the United States, suggesting that its Prime Video unit exceeds Netflix’s 57 million domestic subs by 77%. As of Dec. 31, 2018, Consumer Intelligence Research Partners estimates that in the U.S.,…
Amazon Tops 100 Million Prime Members GloballyAmazon April 18 announced for the first time (in a shareholder letter) it has exceeded 100 million Prime members globally since launching the $99 annual membership loyalty platform with free two-day shipping 13 years ago. Prime membership includes free access…
Amazon Raising Monthly Prime Membership FeeAmazon is upping the Prime membership fee by 18% for consumers opting to pay on a monthly basis. The $99 annual Prime membership, which includes Prime Video, remains the same. Amazon said the $10.99 monthly Prime membership is increasing to…