Amazon Crushes Q4 Earnings on Back of Huge Prime Membership Growth | Re/code

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"Amazon’s big-time investments in its Prime membership program seem to be paying off.

The company crushed earnings in the all-important fourth quarter, sending its stock up 12 percent in after-hours trading even as its revenue came in below analyst estimates.

The Jeff Bezos-led e-commerce company recorded earnings per share of 45 cents, easily beating analyst estimates of 17 cents. Still, revenue was only $29.3 billion compared with estimates of $29.7 billion.

In an earnings release, Bezos said paid Prime membership rose 53 percent last year, on a base of tens of millions of customers."

Amazon Crushes Q4 Earnings on Back of Huge Prime Membership Growth | Re/code