EP129 - Amazon Q1 2018 Earnings Hot Take

EP129 - Amazon Q1 Earnings Hot Take

This episode is a hot take of the Amazon Q1 2018 earnings

• Amazon Q1 Earnings Highlights
  • $51b, which is a 43% y/y increase - 39% constant currency,  27% ex- Whole Foods
  • NA was up 46% y/y which drove $1.1b in profits (26% ex WFM)
  • Intl was up 21% constant currency and lost $622m 
  • AWS had a material acceleration up 48% y/y constant currency and profits were $1.4b
• Amazon Prime fee increasing to $119 (20% increase)
• Marketplace 
  • 52% 3P by Unit sales
  • 3P Growing at 60% (constant currency)
  • JMP GMV analysis-> 1P - $31b / 3P - $69b = $101B GMV
  • Wingo GMV estimate -> 1p - $37b/ 3p - $66b = $103b GMV
     
• Amazon Ads - $2B quarter 132% y/y growth (72% y/y growth before accounting change vs. 60% last quarter)
• Increasing possible Amazon becomes first $1 trillion dollar company
• Bezos Annual Letter
  • 100M Paid Prime Members (likely 60M in N.A vs. 124M Households)

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Episode 129 of the Jason & Scot show was recorded on Monday, April 30th 2018.

Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at SapientRazorfish, and Scot Wingo, Founder and Executive Chairman of Channel Advisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.

http://jasonandscot.com