Amazon Rejoins $1 Trillion USD Club Following Q4 2019 Earnings Report

The rising share prices are bolstered by millions of Prime members and strong net sales.

By
Tech 
3,369 Hypes 0 Comments

Amazon stocks are generally a safe bet, but its Q4 2019 earnings report tipped the scales even further in the tech giant’s favor. Following overwhelmingly positive news, investors bumped the prices up a whopping 15%, helping the Seattle-based company rejoin the elite $1 trillion USD club.

Joining strong performers Apple and Microsoft, Amazon reported a variety of good tidings to wrap up 2019, including revenue of approximately $87.4 billion USD, which beat the company’s own estimated high of $86.5 billion USD. Earnings per share were up to $6.47 in Q4, beating $4.11 USD expectations, and operating income rose 2.5% year-over-year, reaching a high of $3.88 billion USD.

As noted in the report, Amazon Prime subscribers have reached an all-time high of 150 million, a 50 million bump since 2018, despite the fee increase in the interim. Benefits like one day shipping and the vast Prime streaming catalog proved irresistible, it seems: in a statement, CEO Jeff Bezos revealed that Prime members have watched twice as much Prime Video content as 2018.

“We’ve made Prime delivery faster — the number of items delivered to U.S. customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year,” continued Bezos. “Members now have free two-hour grocery delivery from Amazon Fresh and Whole Foods Market in more than 2,000 U.S. cities and towns.”

Plenty of other big companies reported positive Q4 results, including French luxury giant LVMH.

Read Full Article

What to Read Next

adidas YEEZY BOOST 700 MNVN "Triple Black" to Drop In-Store Only
Footwear

adidas YEEZY BOOST 700 MNVN "Triple Black" to Drop In-Store Only

Three cities will receive the exclusive colorway.

J Balvin Debuts Color-Drenched Air Jordan 1 Collaboration
Footwear

J Balvin Debuts Color-Drenched Air Jordan 1 Collaboration

Brilliant rainbow hues and jagged hems.

Virgil Abloh Introduces Construction Zine for "Efflorescence" Exhibit
Arts

Virgil Abloh Introduces Construction Zine for "Efflorescence" Exhibit

An behind-the-scenes look at the work that went into Abloh’s Galerie kreo show.


J Balvin, Bad Bunny to Join Jennifer Lopez and Shakira during Super Bowl LIV Halftime Show
Music

J Balvin, Bad Bunny to Join Jennifer Lopez and Shakira during Super Bowl LIV Halftime Show

A star-studded celebration of Latino culture.

Controversial Nike ZoomX Vaporfly to Be Permitted at Tokyo Olympics
Footwear

Controversial Nike ZoomX Vaporfly to Be Permitted at Tokyo Olympics

World Athletics’ ruling will allow the cutting-edge running shoes, but clarifies its stance on prototype sneakers.

HOKA ONE ONE Drops Weatherized Speedgoat 4 GORE-TEX in "Mandarin Red/Gold Fusion"
Footwear

HOKA ONE ONE Drops Weatherized Speedgoat 4 GORE-TEX in "Mandarin Red/Gold Fusion"

Featuring 3D-printed overlays for optimal fit.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.