Amazon shares soared in extended trading Thursday after the company posted a monster earnings report highlighting its strong holiday sales.
The e-commerce juggernaut headed by Jeff Bezos saw its stock climb more than 13 percent after it walloped analysts expectations and said it added more Prime subscribers in a quarter than ever before.
The skyrocketing stock once again brought Amazon’s market cap past the $1 trillion mark, where it rejoined Alphabet, Apple and Microsoft in the four-comma club — and added about $15 billion to Bezos’s net worth.
Amazon had previously breached the $1 trillion barrier in late 2018, before dipping below it shortly after.
The surge sent Amazon’s stock to over $2,000 each and pushed Bezos, already the richest man in the world, to a net worth of just under $130 billion from $115 billion.
Amazon reported earnings per share of $6.47, blowing past the $4.03 a share expected by Wall Street. It hauled in $87.4 billion in revenue, above forecasts for $86.02.
Amazon’s bread-and-butter cloud computing unit, Amazon Web Services, saw 34 percent growth year-over-year to $9.95 billion in revenue, compared to Wall Street’s expectations for sales of $9.84 billion. Its advertising arm also grew 41 percent year-over-year to $4.8 billion.
The company’s operating expenses climbed nearly 22 percent during the quarter to $83.5 billion as it continued to invest in same-day delivery.
In prepared remarks, Bezos said that there are now “over 150 million” paid Prime members around the world as more people joined the service than ever before, without providing specifics. He said the number of items delivered through same-day and one-day shipping “quadrupled this quarter compared to last year,” also without breaking down the growth.
Amazon also doesn’t offer detailed sales of its devices — which include the Echo family of smart speakers as well as the Fire TV Stick — but said that “tens of millions” were ordered during the holiday season.
The Seattle-based retailer forecast $69 billion to $73 billion in sales for the first quarter, while analysts were looking for $71.7 billion.