From Nasdaq:

Amazon is in discussion with Diamond Sports Group to invest and partner for streaming sports games. This could significantly impact Amazon’s Prime business and be a game-changer for investors. Additionally, Amazon has already made major media investments, and this could open new opportunities for ad revenue and Prime membership monetization.

Media could be Amazon’s next big business. With acquisitions of MGM and NFL rights, Amazon is on track to become a force in the media industry. More ad sales and added value to the Prime membership offer significant revenue potential for Amazon. The ad and Prime businesses combined for over $60 billion in revenue as of Q3.

Amazon’s stock, which had a strong 2023, could still be a solid buy for long-term investors. Valued at 22 times Amazon’s operating cash flow, it’s a good deal if the company continues growing long-term. With a three-headed monster in e-commerce, cloud, and Prime, Amazon is poised to create value for investors for years to come.



Read more: MLB, NHL, and NBA Games Could Soon Come to Amazon Prime. What It Means for the Stock.