Menu
Matt Damon is Jason Bourne Again

Matt Damon is Jason Bourne Again

Galaxy Note 4 Screen is the World's Best

Galaxy Note 4 Screen is the World's Best

Iggy Azalea Sex Tape Controversy Heats Up

Iggy Azalea Sex Tape Controversy Heats Up

Paris Hilton just bought the Cutest and Smallest Dog

Paris Hilton just bought the Cutest and Smallest Dog

Kim Kardashian Flames Media about Kanye West Attack

Kim Kardashian Flames Media about Kanye West Attack

Amazon Q1 2014 Earnings Hint At Streaming TV Services As Key Element

Apr 25 2014, 4:00am CDT | by

Amazon Q1 2014 Earnings Hint At Streaming TV Services As Key Element
 
 

YouTube Videos Comments

Full Story

Amazon Q1 2014 Earnings Hint At Streaming TV Services As Key Element

Earlier today, Amazon revealed its 2014 first quarter earnings in a conference call, and the news for investors was quite good. Analysts had predicted revenue of $19.4 billion, however Amazon reported that revenue went beyond that to $19.74 billion. That figure is up 23% over last year’s $16.1 billion. Profits were $108 million, which translates to a dividend of $0.23 per share. That’s up up 27% from Q1 of last year.

The second quarter might not be as rosy, though, as Q2 guidance shows Amazon predicting an operating loss of between $455 million to $55 million. Still, Amazon has been focused on growth for years now, so the news shouldn’t come as a shock to most of its investors. The company’s stock was up 2% in after hours trading on the earnings news.

Amazon has had a busy quarter, with the welcome earnings news coming on the heels of Amazon’s streaming deal with HBO that brings many of its classic original programming to Prime, as well as Amazon’s new Fire TV set-top streaming box, a piece of hardware that the company unveiled just weeks ago.

This points to Amazon making its video streaming service more of a priority as of late. During the conference call, an executive noted that “video streams on Prime Instant Video nearly tripled year over year,” and one can easily imagine that the new dedicated set-top Fire TV will only help those numbers to grow further.

While much has been said about the Amazon-HBO deal, it’s worth noting that the premium channel’s current favorites are not part of the list — one won’t find Girls, Newsroom, or Game of Thrones available via Amazon Prime Instant. HBO is clearly keeping its current moneymakers close while allowing its back catalog to be shared. Still, that back catalog is nothing to sneeze at, as it includes incredible series like Rome, The Sopranos, and the ridiculously excellent Band of Brothers.

Amazon’s CEO, though, is bullish on what it’s offering. “We get our energy from inventing on behalf of customers, and 2014 is off to a kinetic start,” said Jeff Bezos in a circulated press release after the call. Hopefully he can keep that energy flowing through Amazon — and through Fire TVs — through Q2.

Below are the raw figures captured from Amazon’s investors’ page.

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

The Retrial Jury For John Goodman Will Come from Other Towns
The Retrial Jury For John Goodman Will Come from Other Towns
Members of John Goodman Retrial Jury will come from out of town
 
 
iPhone 6 Accessories are a Beautiful Addition to the Real Deal
iPhone 6 Accessories are a Beautiful Addition to the Real Deal
Accessories are something that everyone wants to gain access to. The accessories to the iPhone 6 and iPhone 6 Plus are a beautiful addition to the real deal that is the smart phones.
 
 
Target Holiday Toy List 2014 Revealed
Target Holiday Toy List 2014 Revealed
Following Walmart, Target released today their annual list of top Holiday toys for the upcoming holidays.
 
 
Apple iPhone 6 won&#039;t meet demand until November
Apple iPhone 6 won't meet demand until November
The iPhone 6 becomes available in walk-in stores this Friday
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.