Bezos and his wife, MacKenzie Bezos, announced their divorce last January. As part of their divorce settlement, MacKenzie Bezos received 25% of the couple’s Amazon stock, according to an April securities filing, giving her a 4% stake in the company.
The company’s stock also dipped toward the end of 2019, as the company’s investments in one-day shipping dragged down profits.
But Wall Street analysts seemed encouraged when Amazon reported earnings this week. Revenue for the three months ending in December grew $87.4 billion, up 21% from the same period in the prior year.
And the company announced that during the quarter, more people had joined its Prime membership service than ever before — bringing total subscriptions to more than 150 million — a sign that its investments in one-day shipping and other perks such as original video content have begun to pay off.
There had been concerns about the continued costs of rolling out one-day shipping, but Synovus Trust Company senior portfolio manager Dan Morgan said Thursday’s results indicate the company is “diligently managing” those expenses.