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Amazon's Prime Video on track for 'tens of billions of dollars' in revenue
Key points
- Prime Video's revenue run rate is in the tens of billions of dollars.
- Prime Video is profitable as a standalone business.
- Amazon MGM Studios generated over $1.2 billion in global box office sales.
- Thursday Night Football viewership increased by 16% this season.
Prime Video's Financial Performance
Amazon CEO Andy Jassy stated during the company's quarterly earnings call that Prime Video has achieved a revenue run rate in the tens of billions of dollars. Jassy also confirmed that the streaming service is profitable independently. This marks an update from his previous statement in May, where he indicated profitability without specifying the revenue scale.
Amazon MGM Studios' Box Office Success
Amazon MGM Studios has accumulated over $1.2 billion in global box office sales this year. A significant contributor to this figure is the film "Project Hail Mary," which grossed an estimated $684 million worldwide. This film, starring Ryan Gosling, became the studio's highest-grossing release.
Popular TV Series and Viewership
Jassy highlighted several successful TV series on Prime Video, including "Carrie," "The Summer I Turned Pretty," "The Boys," "Off Campus," "Fallout," and "Reacher." Season 4 of "Reacher" reportedly attracted 66 million global viewers within its first 28 days, with subsequent seasons already in production or planned.
Growth in Sports Broadcasting
Sports content has been a key driver for Prime Video. Thursday Night Football's first six games this season averaged 17.7 million viewers, representing a 16% increase from the previous year, according to Nielsen figures shared by Amazon. Additionally, the second season of the NBA on Prime drew over 2 million viewers.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Amazon CEO Andy Jassy announced that Prime Video is on track to generate "tens of billions of dollars" in revenue and is profitable. This update follows the success of Amazon MGM Studios' film releases and Prime Video's sports broadcasts, which have contributed to its financial performance.