Julie Bort / TechCrunch : 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” — It's been four years since Amazon bought MGM for $8.5 billion. But coming off the blockbuster success of this year's hit movie Project Hail Mary …
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" (Julie Bort/TechCrunch)
In short
Amazon CEO Andy Jassy revealed that Prime Video has achieved an annual revenue run rate reaching the tens of billions of dollars. The service has officially crossed into standalone profitability rather than relying solely on the broader retail subscription ecosystem. This financial success comes four years after the company closed an $8.5 billion deal to purchase MGM. Prime Video's momentum has also been propelled by recent blockbuster hits like Project Hail Mary.
Key points
- The streaming platform has officially become an independently profitable business segment…: The streaming platform has officially become an independently profitable business segment for Amazon.
- Massive prior content investments such as the MGM acquisition are delivering measurable b…: Massive prior content investments such as the MGM acquisition are delivering measurable bottom-line results.
- Major blockbuster releases like Project Hail Mary are helping drive the entertainment div…: Major blockbuster releases like Project Hail Mary are helping drive the entertainment division's multibillion-dollar run rate.