EP194 - Amazon Q3 2019Earnings and News
Amazon Q3 Earnings
Revenue accelerated in the US and intl due to 1-day prime juicing demand
This came at a cost - profits were down 26% y/y and TODO wall st estimates because shipping costs grew 46%
Specifically GAAP operating income of $3.16b came in 2% below street consensus of $3.22b EPS was $4.31 vs street $4.56.
This caused the stock to soften by 7-9% in after-hours trading and articles are already out that bezos no longer richest man.
Amazon’s Q4 midpoint revenue was $4b below Wall St. estimates and they projected lower margins than wall st expected.
Specifically, guidance is $80b-<->$86.5b with midpoint of $83.25b - implies 15% growth, 5% below Wall St.
Amazon’s Ads biz which grew 45% y/y and represented $3.6B in the Quarter. Brian T. Olsavsky - CFO: “So other revenue, which is principally advertising grew 45% this quarter, up from 37% last quarter. And the biggest thing in there is advertising and advertising grew at a rate higher than that 45%.”
Amazon News
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Episode 194 of the Jason & Scot show was recorded on Thursday October 25th, 2019.
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.
