FILE - In this Dec. 17, 2019, file photo an Amazon robot sends a package down a chute, transporting packages from workers to chutes that are organized by zip code, at an Amazon warehouse facility in Goodyear, Ariz. reports financial results on Thursday, Jan. 30, 2020. (AP Photo/Ross D. Franklin, FIle)

Amazon says it has more than 150 million Prime members

January 30, 2020 - 3:30 pm

NEW YORK (AP) — It was another prime Christmas for Amazon.

The online retailer said Thursday it now has more than 150 million Prime members, who pay $119 a year for faster shipping and other perks. And its financial results during the busy holiday shopping season were far better than Wall Street analysts expected.

Shares of Inc. soared 12% in after-hours trading Thursday.

The Seattle-based company reported net income of $3.27 billion, or $6.47 per share, in the three months ending in December. That was up from $3.03 billion, or $6.04 per share the year before.

Analysts were expecting earnings of $4.04 per share in the latest quarter, according to research firm FactSet.

Revenue jumped 21% to $87.44 billion, also beating expectations.

The last time Amazon revealed how many Prime members it had was in 2018, when it said it had more than 100 million paying members.

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