Amazon now has more than 150 million Prime customers, after it experienced incredible holiday season sales in the last quarter of 2019…
E-commerce giant Amazon released its Q4 2019 earnings last week and it comes with some astonishing numbers. The company enjoyed a remarkably good sales period for the holiday season, while also pushing its Prime membership past 150 million subscribers.
Amazon Prime Membership Surpasses 150 Million Subscribers
Amazon’s fourth quarter performance shows that over 50 million people have joined its Prime program, since its last milestone of 100 million total, in 2018.
In the past three months, the company states it has earned approximately $3.3 billion profit over sales of about $87.4 billion. Both of these figures greatly surpassed Wall Street expectations.
All of this, despite the fact that the e-commerce behemoth incurred an astronomical $12.9 billion in shipping costs.
Here are some more figures, released by Amazon:
“Net sales increased 21% to $87.4 billion in the fourth quarter, compared with $72.4 billion in fourth quarter 2018. Excluding the $120 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 21% compared with fourth quarter 2018.
Operating income increased to $3.9 billion in the fourth quarter, compared with operating income of $3.8 billion in fourth quarter 2018.
Net income increased to $3.3 billion in the fourth quarter, or $6.47 per diluted share, compared with net income of $3.0 billion, or $6.04 per diluted share, in fourth quarter 2018.”