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Jassy says Prime Video has a tens-of-billions revenue run rate
Amazon CEO Andy Jassy said on Thursday’s earnings call that Prime Video is profitable and has a revenue run rate in the tens of billions of dollars, TechCrunch reported.
Amazon CEO Andy Jassy said on the company’s quarterly earnings call Thursday that Prime Video has a revenue run rate in the tens of billions of dollars and is profitable as a standalone business, TechCrunch reported1.
Jassy had told investors in May that Prime Video was profitable, TechCrunch said; the tens-of-billions run-rate figure is a new detail in that account1. Techmeme highlighted the same remarks, crediting TechCrunch2.
Amazon said Amazon MGM Studios has generated more than $1.2 billion in global box office so far this year, helped by films including Project Hail Mary and Verity, according to TechCrunch1. The site said Project Hail Mary, based on Andy Weir’s novel and starring Ryan Gosling, opened in March and became the studio’s highest-grossing release, with The Numbers estimating about $684 million worldwide1. Amazon completed its $8.5 billion purchase of MGM four years ago, TechCrunch noted1.
Jassy also listed television titles including Carrie, The Summer I Turned Pretty, The Boys, Off Campus, Fallout and Reacher as hits, TechCrunch reported1. Amazon said season 4 of Reacher drew 66 million viewers globally in its first 28 days, with season 5 filming and a sixth season ordered1.
Sports rights remain a large driver, TechCrunch said, citing NASCAR, the Masters, UEFA Champions League and Thursday Night Football; Amazon shared Nielsen figures that the first six TNF games this season averaged 17.7 million viewers, up 16 percent from last year, and that NBA on Prime’s second season drew more than 2 million viewers1.
Amazon did not break out a precise Prime Video revenue total in the TechCrunch report, and independent confirmation of the run-rate figure beyond Jassy’s remarks was not in the coverage1,2.
Sources
How it’s being reported
2 sourcesFirst reported by
TechCrunch
Andy Jassy says Prime Video is on track to earn ‘tens of billions of dollars’
Jassy’s new revenue-run-rate detail, MGM box office, and sports viewership
Amazon’s CEO told investors Prime Video is profitable with a tens-of-billions revenue run rate, citing studio hits and sports.
Andy Jassy says Prime Video has "a revenue run rate in the tens of billions of dollars and is now profitable in its own right"
The Jassy quote on run rate and profitability
Roundup pointing to Julie Bort’s TechCrunch account of Jassy’s Prime Video remarks.
Leaves out Box-office and sports viewership figures reported by TechCrunch
Where they agree
- Jassy said Prime Video has a tens-of-billions revenue run rate and is profitable on its own.