Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Home Entertainment

 

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

Apr 25 2014, 4:00am CDT | by

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

YouTube Videos Tweets 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.

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 12

Tweets

 

Advertisement


Update: 11

Here's where you learn how to do everything with your Fire Phone

Source: CNet

Amazon's Fire Phone's unique interface means there's a lot to learn. Here's where we teach ...
Source: CNet   Full article at: CNet 39 minutes ago
 

More From the Web

Update: 10

Corn Silk face powder makes a comeback with women claiming the '60s make-up is best for selfies'

Source: Daily Mail - UK

Corn Silk, first sold in the 1960s, is now second on Amazon's list of best selling face powders because it produces a soft-focus finish, similar to filters on photo-sharing site Instagram. ...
Source: Daily Mail - UK   Full article at: Daily Mail - UK 43 minutes ago
 

Update: 8

Virgin Mobile offers plans just for Facebook

Source: CNet

A new plan on Virgin lets customers pay to use certain apps, Internet.org brings free mobile Web access to Zambia, and Amazon is giving a ...
Source: CNet   Full article at: CNet 1 hour ago
 

Update: 7

Virgin Mobile offers plans just for Facebook

Source: Car Craft

A new plan on Virgin lets customers pay to use certain apps, Internet.org brings free mobile Web access to Zambia, and Amazon is giving away $100 worth of Android ...
Source: Car Craft   Full article at: Car Craft 1 hour ago
 

Update: 6

Virgin Mobile offers plans just for Facebook

Source: CNet

A new plan on Virgin lets customers pay to use certain apps, Internet.org brings free mobile Web access to Zambia, and Amazon is giving away $100 worth ...
Source: CNet   Full article at: CNet 2 hours ago
 

Update: 5

E-commerce: Flipkart, Amazon vie for pole position

Source: Times of India

E-commerce in India got an instant leg-up over the last two days as big boys Flipkart and Amazon stocked up billions of dollars in ammunition to fight what could be the fiercest battle for the Indian ...
Source: Times of India   Full article at: Times of India 2 hours ago
 

Update: 4

Clockwise Podcast: Comic-Con, Yelp, smart bulbs, and "app rot"

Source: Mac World

Amazon and Apple make comic-book fans sad, Yelp lets reviewers add video clips, tablet and smartphone fans let "app rot" set in, and how many tech fans does it take to install a smart bulb? With guest ...
Source: Mac World   Full article at: Mac World 2 hours ago
 

Update: 3

New Target CEO gets high marks, but where's the digital experience?

Source: Minneapolis- St. Paul Business Journal

Brian Cornell satisfies nearly every criteria Target Corp. needed in a new CEO, except for perhaps the largest — significant digital retailing experience. Target has said all along it wants someone to make the company into a "leading ominchannel retailer," meaning someone who will use digital tools to enhance the shopping experience as it deals with competition from Amazon. Think online shopping, mobile phone apps and digital coupons. REL ...
Source: Minneapolis- St. Paul Business Journal   Full article at: Minneapolis- St. Paul Business Journal 3 hours ago
 

Update: 2

Review: Updated: LG Chromebase

Source: TechRadar UK

Introduction and designThe growing popularity of inexpensive Chromebooks has at least one computer maker asking, "Can the lightning strike again on the desktop?" LG is among the first to test those waters with its LG Chromebase, an all-in-one PC that uses Chrome OS as its operating system.With a starting price of $349.99 (about £207, AU$376), the LG Chromebase can make for a very attractive option as a personal or family ...
Source: TechRadar UK   Full article at: TechRadar UK 4 hours ago
 

Update: 1

Here's When 6 Major Retailers Will Likely Change Their Prices

Source: Business Insider

A new report has revealed some fascinating insight into retailers' online price changes. According to the data, Costco makes most of its price changes on Saturday and Sunday, while Target's alterations spike on Tuesday and Friday. Amazon, which averages 2.5 million price changes daily, tends to alter its prices evenly across the week. The research was conducted by the price intelligence firm 360pi.  The chart below reveals the times of ...
Source: Business Insider   Full article at: Business Insider 5 hours ago
 

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

Sharknado 2: Death, Cameos, and Twitter
Sharknado 2: Death, Cameos, and Twitter
Sharknado raked in nearly a billion conversations and mentions on Twitter-in part because celebrities showed up everywhere.
 
 
Jada Pinkett Smith Opens Up About Her Marriage
Jada Pinkett Smith Opens Up About Her Marriage
The Actress Also Talks About Her New Role in This Falls "Gotham" TV Show.
 
 
Trending Now: Allison Williams, Sharknado 2 and Kate Upton
Trending Now: Allison Williams, Sharknado 2 and Kate Upton
Find below the top 3 trending news stories to start your day.
 
 
T-Mobile adds 1.5 million Subscriber in Q2
T-Mobile adds 1.5 million Subscriber in Q2
T-Mobile USA is on a wild run. The carrier added 1.5 million new customers in the last quarter.
 
 
 

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.