Amazon posted a surprise profit of 19 cents per share in its most recent quarter, blowing away analyst expectations that it would report a loss of 14 cents a share. The news sent the company's stock soaring 19 percent in after-hours trading immediately following the release of the company's results.
Retail and online video streaming giant Amazon once again surprised analysts, this time by doing something it hasn't done in several quarters: posted a profit. Revenue for the second quarter jumped 20 percent year over year to $23.2 billion, with a profit of $92 million, coming to 19 cents per share.
How are online video providers faring against established distributors like Comcast and Verizon FiOS? As the OTT and traditional pay-TV industries increasingly mesh together, Fierce has likewise been reporting these companies' quarterly earnings side-by-side.
Seeking to keep its much larger SVOD rival, Netflix, within shouting distance, Hulu is contemplating the inclusion of a higher-priced, ad-free service.
How did the wireless industry perform in the second quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.
Going ahead with its stated plans to offer original movies distributed first to theaters and then made available to its Prime subscribers in an early-release window, Amazon Studios announced that Spike Lee's next movie, with the working title of Chi-Raq, is its first Amazon Originals selection.
Alexa may soon dethrone Apple's Siri as the most popular virtual assistant among app developers now that Amazon is opening up the technology behind its Echo wireless speaker.
With 4K off to a stuttering start in the online video space, Amazon is looking to differentiate itself from competitors like Netflix, announcing that some of its original series, including Mozart In The Jungle, will be available in the newly standardized high dynamic range format.
Verizon Wireless is one of several companies working with NASA on experiments related to monitoring of drones, and Verizon's part of the project is to see whether drones could be monitored via cell towers.
Despite its consistent position at the bottom of the top three SVOD providers in the U.S., Hulu may not stay there for long. As networks look for new ways to compete in the over-the-top space, Hulu may be part of their strategic options--and thanks to a slew of exclusive content deals, may already be stealing eyeballs from Netflix and Amazon.