Amazon has reported over175 million Prime Video members have streamed movies and TV shows in the past year. "In just 15 years, AWS has become a $54 billion annual sales run rate business competing against the world's largest technology companies, and its growth is accelerating — up 32% year over year," Founder and CEO Jeff Bezos. "We love Prime Video and AWS, and we're proud to have them in the family."
The company revealed its full Q1 2021 earnings results, highlighting its most recent financial data, including those generated from Amazon's movie and TV assets. Current figures reflect that more than 200 million Amazon Prime customers worldwide, of which 87.5% have watched Prime Video at least once.
Meanwhile, online sales hit a record of $52.9 billion, a 44% increase from revenue of $36.6 billion in the previous year period. E-commerce feature myriad products, but Seattle-based Amazon points out that revenue includes media products available in both a physical and digital forms, such as books, music, videos, games, and software, all sold on a transactional basis.
Subscription services revenue, which includes Prime Video, digital video, audiobook, digital music, e-book, and other non-AWS subscription services, exceeded $7.5 billion, up 36% from revenue of $5.5 billion during the previous-year period. Bezos, who is expected to step down and become the company's executive chair in Q3, noted that Prime Video streaming hours have risen by more than 70% year over year, and Amazon Studios has received a record 12 Academy Award nominations and two wins, with more originals on the way, including Tom Clancy's Without Remorse, The Tomorrow War, and The Underground Railroad.
In just 15 years, AWS has become a $54 billion annual sales run rate business competing against the world's largest technology companies, and its growth is accelerating — up 32% year over year. We love Prime Video and AWS, and we're proud to have them in the family.” Jeff Bezos Founder and CEO, Amazon