Prime Video reaches tens of billions in revenue run rate

Amazon Chief Executive Andy Jassy stated on a quarterly earnings call on Thursday that Prime Video has become a profitable, stand-alone business. TechCrunch reported that the streaming service is now on track to generate a revenue run rate in the tens of billions of dollars. [1]

The operational growth follows the ongoing expansion of Amazon MGM Studios, which was acquired four years ago for 8.5 billion dollars. TechCrunch noted that recent success has been bolstered by hit film releases including Project Hail Mary and Verity. [1]

Jassy previously informed investors in May that the platform had achieved profitability. TechCrunch reported that the specific timeline showing a run rate reaching tens of billions of dollars represents a new detail for investors. [1]

Jassy has served as president and chief executive officer of Amazon since July 2021, when he succeeded founder Jeff Bezos. He previously founded and led Amazon Web Services from its inception, serving as its chief executive from April 2016 until July 2021. [2]

Prime Video operates as a standalone service and as part of Amazon's Prime subscription model. The platform serves as the second-most-subscribed video on demand streaming service globally behind Netflix, with approximately 205 million paid memberships worldwide. [3]