Amazon Stock Drops on Holiday Sales Miss

It was during the fourth quarter that Amazon expanded the availability of its Prime Video subscription offering to more than 200 countries around the world. But while CEO Jeff Bezos on Thursday made Prime and Prime Video a focus of his comments about the period, he did not provide an update about the size of Amazon's subscriber base, which the company has been coy about since the annual membership launched in 2005.  

"Our Prime team's customer obsession kept them busy in 2016," the exec said in a statement. "Prime members can now choose from over 50 million items with free two-day shipping — up 73 percent since 2015. Prime Video is now available in more than 200 countries and territories. Prime Now added 18 new cities, which means millions more members now get one and two hour delivery. New benefits were also added to the list, like Prime Reading, Audible Channels for Prime, Twitch Prime and more. And customers noticed — tens of millions of new paid members joined the program in just this past year." 

The fourth quarter is when Amazon's Santa Monica-based content division, Amazon Studios, released Manchester by the Sea. Last week, the drama nabbed the e-tailer its first Oscar nominations. 

Amazon shares closed up Thursday about 1 percent to $840.18. It has since nosedived 3.2 percent to $812 per share in early Friday trading.

This article was originally published by The Hollywood Reporter.