“We are pleased to share that the fourth quarter ended with strong Revenue and Adjusted EBITDA performance,” said Michael Reed, Chairman & Chief Executive Officer. “Revenue improvement was primarily driven by a continued rebound in our advertising trends, both print and digital. We also continued to see strong digital-only circulation pro forma revenue performance with an increase of approximately 46% year-over-year. The revenue improvement as well as continued expense management, led to stronger Adjusted EBITDA, and positions us for continued performance improvement in 2021. We reduced $654 million of our 11.5% term loan during the fourth quarter and an additional $30 million subsequent to year end, which brings our total term loan reduction to $684 million. These actions have allowed us to reduce debt outstanding to $1.545 billion, which is ahead of the originally outlined levels that we shared in connection with the acquisition of Gannett Media Corp. in 2019. The reduction of the term loan through debt paydown and refinancing of approximately $500 million into convertible notes has reduced our annual interest expense by $48 million. As we head into 2021, we firmly believe that we will be in a position to refinance the remaining term loan, which will further improve our balance sheet.”
More new paid members joined Prime worldwide than any previous year
Prime members around the world used Prime digital benefits this year more than ever before
Best of Prime 2017 in the U.S. includes Fire TV Stick and Echo Dot, Prime Video: The Grand Tour, Prime Music: “Believer” by Imagine Dragons and Prime Reading: The Handmaid’s Tale
December 30 was Prime’s largest day for streaming around the world, with Prime Originals — The Grand Tour 2 and The Marvelous Mrs. Maisel — its top two shows
Prime members now enjoy unlimited Free Two-Day Shipping on more than 100 million items in the U.S.
Amazon today announced its Best of Prime 2017 – revealing some of the Prime member favorites of the year. Built on a foundation of fast, free delivery, more than five billion items worldwide shipped with Prime in 2017, including free same-day, one-day, and two-day shipping. Prime is designed to make members’ lives easier and more fun with a unique combination of shipping, shopping and entertainment. Prime members used their digital benefits in 2017 more than in any previous year – putting The Grand Tour on Prime Video, “Believer” by Imagine Dragons on Prime Music and The Handmaid’s Tale on Prime Reading on the U.S. ‘best of’ list for 2017. Find Amazon’s Best of Prime 2017 on Prime Insider.
“From Fire TV Stick and Echo Dot to Imagine Dragons, Manchester by the Sea and even the Instant Pot, Prime members certainly have great taste! Tens of millions of members around the world enjoy the many benefits included with Prime, and in fact, more new paid members joined Prime worldwide this year than any previous year. In 2017, more than five billion items worldwide shipped with Prime and members used digital benefits like Prime Video, Prime Music and Prime Reading more than ever before,” said Greg Greeley, Vice President, Amazon Prime. “Our Best of Prime feature not only demonstrates what was trending this year, it also gives us insight into what members love, providing additional inspiration as we continue to innovate, invest and make Prime even better in 2018.”
Fire TV Stick and Echo Dot top the Best of Prime 2017 as the best-selling products purchased by U.S. Prime members from any manufacturer in any category across all of Amazon. Prime members in the U.S. embraced smart home shopping in 2017, with Prime members adding millions of new Amazon devices to their homes, including Fire TV Stick with Alexa Voice Remote, Echo Dot and Amazon Echo. These devices allow Prime members to get even more from their membership by accessing music, video, photos, voice shopping and more.
In the U.S., Prime offers members unlimited access to award-winning movies and TV episodes with Prime Video; unlimited access to Prime Music, Audible Channels for Prime, Prime Reading, Prime Photos and Twitch Prime; early access to select Lightning Deals, one free pre-released book a month with Amazon First Reads, and more.
more detail at: http://phx.corporate-ir.net/phoenix.zhtml?c=176060&p=irol-newsArticle&ID=2324426