The Jason & Scot Show - E-Commerce And Retail News EP253 - Amazon Q4 2020 Earnings
Feb 3, 2021
37:30
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.
- 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.