“James Bond is in the hands of one of today’s greatest filmmakers,” said Amazon CEO Andy Jassy today, singling out news of the upcoming Denis Villeneuve film as as highlight of the June quarter. “We cannot wait to get started on 007’s next adventure.”
He made the comments on a call after earnings that saw Amazon beat on the top and bottom lines and with better-than-anticipated Q3 guidance but Wall Street angst over growth at Amazon Web Services, or AWS.
The Dune helmer was announced in June. Amy Pascal and David Heyman will produce with Tanya Lapointe exec producing.
Amazon MGM acquired full creative control of the franchise in February in a deal with longtime producers Barbara Broccoli and Michael G. Wilson. The studio gained distribution rights to Bond when it acquired MGM Studios for $8.5 billion in 2022 but had differences with the franchise’s creative stewards. Villeneuve’s Bond will be the first since Daniel Craig’s No Time to Die in 2021.
Amazon doesn’t break out numbers for Prime Video or Amazon MGM Studios.
The company’s total revenue rose 13% to $168 billion. Net income of $18.2 billion, or $1.68 per diluted share, compared with $13.5, or $1.26.
Other highlights of the quarter included the unveiling of Prime Video’s NBA broadcast team, including Stan Van Gundy, Kevin Harlan, Dwyane Wade, Taylor Rooks, Blake Griffin, Dirk Nowitzki, Steve Nash and Candace Parker. And the streamer drawing approximately 2 million viewers per race and youngest audience among Nascar broadcasters in more than a decade to Prime Video’s Nascar Cup Series coverage.
Jassy also touted an integration with Roku that gives advertisers access to largest authenticated Connected TV footprint in the U.S., reaching an estimated 80 million households.
Amazon’s AWS cloud group grew grew revenue 18% to $30.9 billion, slightly ahead of analysts’ estimates. Shares fell. It continues to lead the cloud infrastructure market but faces increasing pressure from Microsoft and Google, which reported better-than-expected cloud results for the latest quarter and great faster than Amazon.
