Amazon has today announced its financial results for the fourth quarter of 2014, revealing a net income of $241 million, and $29.33 billion in sales.
Those results are extremely small for Amazon, however Amazon has stated that is was enough to please investors, who expected a much smaller number. This means that it is the first time for a number of years that Amazon have done better than the predictions from Wall Street.
Shares in Amazon shown this in after hours trading, which are up around 8 percent.
Amazon also revealed that its Prime service has done well too, with the CEO Jeff Bezos stating the following in the report:
“On a base of tens of millions, worldwide paid membership grew 53 percent last year — 50 percent in the US and even a bit faster outside the US.”
He then continued to explain the company’s investment:
“Prime is a one-of-a-kind, all-you-can-eat, physical-digital hybrid — in 2014 alone we paid billions of dollars for Prime shipping and invested $1.3 billion in Prime Instant Video.”
This means that Prime had around 10 million users at the start of 2014, adding around 5.3 million over the year.