Amazon CEO Andy Jassy Says Prime Video Revenue Nears Tens of Billions

Amazon's streaming service, Prime Video, has evolved into a powerhouse business. During the quarterly earnings call on Thursday, Amazon CEO Andy Jassy announced that the platform's revenue run rate has reached the tens of billions of dollars and is now profitable on its own. While Jassy previously informed investors in May that Prime Video was profitable, the milestone of generating tens of billions marks a significant new update.

Stock photo for illustration only, not from the actual event

This financial momentum has been strongly supported by Amazon MGM Studios, which has brought in more than $1.2 billion in global box office sales so far this year. Hit titles like Project Hail Mary and Verity drove these figures. Specifically, Project Hail Mary grossed an estimated $684 million worldwide according to The Numbers. Starring Ryan Gosling and based on Andy Weir's novel, the film debuted in theaters in March to become Amazon MGM Studios' highest-grossing release, despite the studio also facing a notable flop this year with Melania.

Jassy also highlighted several successful television series, including Carrie, The Summer I Turned Pretty, The Boys, Off Campus, Fallout, and Reacher. According to the company, Season 4 of Reacher attracted 66 million viewers globally within its first 28 days. Production for Season 5 is currently underway, and the series has already been renewed for a sixth season.