Amazon directly employs some 1.3 million people worldwide. That comes just a few weeks after a union organization effort by workers at its Bessemer, Ala., fulfillment center failed to pass. (The ecommerce giant adopted a $15/hour minimum wage policy in 2018.) The increases, rolling out in Q2, will translate into $1 billion in incremental costs. Meanwhile, Amazon yesterday announced pay raises for more than 500,000 employees on its fulfillment and delivery teams, who will get bumps of 50 cents to $3 per hour. Operating income in Q2 is projected to be hit with $1.5 billion of costs related to COVID-19. Assuming that happens, Amazon expects sales to increase 24%-30% compared with the year-earlier period. This year’s Prime Day - Amazon’s annual shopping event - will take place in Q2, the company said.
#Multiple video viewer free#
Prime is the ecommerce giant’s membership program that includes free shipping on millions of products, access to Prime Video and other perks. Two weeks ago, Bezos announced that Amazon Prime has more than 200 million subscribers worldwide, in his final annual letter to shareholders as CEO. Wall Street analyst consensus estimates had pegged Amazon Q1 revenue coming in at $104.5 billion and earnings per share of $9.54. The overall sales surge shows that the COVID-fueled momentum continues for Amazon, as has been the case with other big tech companies like Google and Facebook. Plus, get 1 TB of cloud storage, document sharing, ransomware recovery, and more with OneDrive. Net income more than tripled, to $8.1 billion in the first quarter, or $15.79 per diluted share. Create your best work with the latest versions of Word, Excel, and other Office apps. The e-commerce mammoth - which overall now has more than 200 million Prime members - reported revenue of $108.5 billion, up 44%, for the quarter ended March 31. Last month, Amazon inked a 10-year deal with the NFL nabbing exclusive rights to “Thursday Night Football” starting in 2023, in a deal worth $1.32 billion per year, Sportico reported.
#Multiple video viewer tv#
In 2020, Amazon spent $11 billion on TV series, movies and music for Prime services last year, up about 40% from 2019. As of the end of Q1, Netflix reported 207.4 million subscribers, after total net adds came in light for the period.Īmazon’s Twitch live-streaming service, meanwhile, now averages 35 million daily visitors, CFO Brian Olsavsky said on the earnings call. While Amazon didn’t provide any further details on Prime Video usage, the announcement seemed to signal the company’s interest in showing it has scaled up streaming to be nearly in the same league as Netflix. Amazon’s new chief exec will be Andy Jassy, currently CEO of Amazon Web Services. Bezos plans to step down as CEO in the third quarter of 2021 to become executive chairman.