EP253 - Amazon Q4 2020 Earnings
Amazon Earnings Amazon reported in Q4 2020 earnings on Tuesday Feb 2. Jeff Bezos is stepping down as CEO and moving into an executive chairman role. Read his letter to employees here. We deep dive into the Q4 and full year 2020 results. Sales, profit, and free cash flow were all above expectations. US product sales had a robust 44% YoY increase. 3P continues to grow as a share of sales (now 55% of sales mix). AWS continued to grow. Other income (which is largely ad sales) was up 66% representing $21.477B of revenue in 2020, well above expectations. In other news: Walmart is accelerating it’s automated picking for store fulfillment. Uber has purchased Drizly for $1.1B. We spoke with the VP of Partnerships at Drizly on Episode 163.Episode 253 of the Jason & Scot show was recorded live on Tuesday, February 2nd, 2021.
Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.
