×

Amazon Clocks $107 Billion In Revenue In 2015

Amazon just reached a major business milestone: The company surpassed $100 billion in revenue in 2015 — generating $107 billion, to be precise.

The news came as Amazon reported earnings for its fourth quarter. Amazon reported $35.7 billion in sales for quarter, compared to $29.3 billion during the same quarter last year. Net income was $482 million a year, compared to $214 million a year ago. This represents earnings of $1.00 per diluted share, compared to $0.45 per share a year ago.

For the full year of 2015, Amazon reported $107 billion in revenue, compared to $88.99 billion in 2014. This represents a 26 percent growth, compared to the 20 percent it achieved a year ago — at least if one ignores the exchange ratings impact that have been a sore spot for a number of tech companies this earnings season, including most recently Apple.

The huge growth during the company’s fourth quarter also helped Amazon to become profitable in 2015, generating $596 million in net profits for the year, compared to a net loss of $241 million in 2014.

However, investors had hoped for an even bigger upside, with some analysts expecting earnings of $1.56 for the fourth quarter. Stock fell close to 15 percent in after-hours trading after the release of the earnings results.

A few of the finer points of the Amazon earnings:

The company’s cloud business, which counts Netflix amongst its biggest customers, continues to do well. Amazon Web Services, grew to $2.4 billion in sales during the most recent quarter, compared to $1.4 billion during the same quarter a year ago. For the full year of 2015, AWS generated around $7.9 billion in revenue, compared to $4.7 billion a year ago.

Amazon says that it nearly doubled customer base of Prime video in international markets in 2015, and that viewing hours more than doubled globally year over year. As for Prime itself, it grew 47 percent in the U.S. and 51 percent worldwide in 2015. The company also said that Prime Music streaming hours “more than tripled” in the U.S. in its fourth quarter when compared to the same quarter a year ago.

Amazon also claim that its Fire TV device “remains the #1 best-selling streaming media player in the U.S.”, which could have to do with the fact that the company booted Apple TV and Chromecast from its website.

More Biz

  • It

    Producer Sues Warner Bros. Over 'It' Film Adaptations

    A producer who developed the original “It” TV miniseries sued Warner Bros. on Thursday, alleging the studio breached his contract by making the films “It” and “It Chapter Two” without him. Frank Konigsberg and Larry Sanitsky were running Telepictures in the early 1980s when they acquired the rights to the Stephen King novel. They developed [...]

  • Lionsgate CEO Jon Feltheimer

    Starz Nears Realignment: Why Lionsgate Won't Hire a CEO to Replace Chris Albrecht

    Nearly six months after Starz CEO Chris Albrecht exited in February, Lionsgate brass is moving closer to a revamp of the premium TV network’s executive structure. According to insiders, at least one thing is clear: Albrecht is not expected to be replaced as CEO. Instead, Lionsgate chief executive Jon Feltheimer is taking a more active [...]

  • Movie Ticket Subscriptions

    As MoviePass Fades, Theaters Fall In Love With Subscription Services

    MoviePass may be cratering, but movie theater subscriptions are here to stay. AMC and Cinemark already operate their own online ticketing services. And by the end of July, Regal Entertainment is expected to unveil a subscription plan for customers accustomed to getting all manner of entertainment for a monthly fee. With ticket sales down more [...]

  • John FordNPact Awards, Show, Los Angeles,

    John Ford to Exit as Head of Unscripted Producers Trade Association NPact

    John Ford has stepped down as general manager of NPact, the trade association that represents unscripted TV producers. Ford is exiting the post he’s held since 2015 because of the potential for conflicts of interest arising from his role as head of programming for digital multicast outlets Justice Network and Quest Network. The channels were [...]

  • Woodstock 50 Applies for Vernon Downs

    Woodstock 50 Applies for Vernon Downs Permit Yet Again

    For better or worse, Woodstock 50 isn’t giving up on Vernon Downs, despite being rejected twice already: The producers have applied for another permit to hold the festival at Vernon Downs, according to the Utica Observer Dispatch. Town Attorney Vincent Rossi confirmed the application was submitted Wednesday. This is the festival’s third application; previous applications [...]

  • Bert and Ernie

    Sally Field, Linda Ronstadt and 'Sesame Street' Among 2019 Kennedy Center Honorees

    Sally Field, Linda Ronstadt, “Sesame Street,” conductor Michael Tilson Thomas and R&B veterans Earth, Wind and Fire have been selected as the 2019 Kennedy Center Honorees. The kudos will be handed out Dec. 8 at the Kennedy Center Opera House in Washington, D.C. The award to “Sesame Street” marks the first time the prestigious laurel [...]

  • Jeffrey Epstein

    Jeffrey Epstein Denied Bail in Sex Trafficking Case

    Jeffrey Epstein, the high-living financier who partied and traveled with Hollywood stars and world leaders, has been denied bail. The multimillionaire businessman is accused of sexually abusing underage girls as young as 14 years old and collecting child pornography. Prosecutors argued successfully that Epstein’s wealth made him a serious flight risk. He faces up to [...]

More From Our Brands

Access exclusive content