Despite a drop in profits due, a significant part of which was due to a huge amount of money it paid to laid off employees, Amazon handily beat expectations for the 4th fiscal quarter of 2022, posting 149 Billion in revenue, the company announced Thursday.

Analysts had predicted earnings of around 145 billion.

And while Amazon didn’t get too specific about its entertainment division’s earnings in the quarterly report, it indicated one of the highlights of Q4 was “The Lord of the Rings: The Rings of Power.” The show, a prequel series explaining how the whole One Ring to Rule Them All thing came about, brought in more than 100 million viewers during its first season. It was Amazon’s most-watched original series in every region and, so Amazon says, brought in more new Prime Video subscribers than any previous show.

Also Read:

Eddie Murphy and Jonah Hill Battle ‘Teen Wolf’ for
Click here to See Full article