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.

http://jasonandscot.com

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.