Amazon Reports Q4 2019 Earnings, Beats Expectations

Earnings week has so far been quite hectic, with both Microsoft and Apple beating expectations. Amazon today reported its earnings for Q4 2019, and it has also beaten expectations.

The company reported net revenue of $87.4 billion, an increase of 21% since last year. The company’s stock price is rising quickly following the earnings report, helping its market cap go over $1 trillion.

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Amazon has seen a 21.6% growth in net sales in North America, bringing its revenue up to $53.67 billion. The company also reported a 34% increase in revenue year-over-year for Amazon Web Services, bringing the revenue up to $9.95 billion.

Amazon’s shipping costs, however, increased during the quarter, going up 43% YoY to $12.9 billion. “We’ve made Prime delivery faster — the number of items delivered to U.S. customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year. Members now have free two-hour grocery delivery from Amazon Fresh and Whole Foods Market in more than 2,000 U.S. cities and towns,” said Amazon founder Jeff Bezos.

Bezos also noted that more people have signed up for Amazon Prime this quarter than ever before, with Amazon Prime now having more than 150 million paid Prime subscribers around the world. He also highlighted Amazon Originals for Amazon Prime Video receiving a record 88 nominations and 26 wins at major award shows this year.

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Conversation 5 comments

  • anoldamigauser

    Premium Member
    30 January, 2020 - 4:44 pm

    <p>Just under a billion a day in revenue for the quarter. Yikes.</p>

  • codymesh

    30 January, 2020 - 10:17 pm

    <p>have they paid taxes yet?</p>

    • taswinfan

      31 January, 2020 - 1:45 am

      <blockquote><em><a href="#517005">In reply to codymesh:</a></em></blockquote><p>Taxes? What are those? ?</p><p>In all seriousness. Why do you ask? Just a curious question and I don't understand the reason for it. </p>

      • codymesh

        31 January, 2020 - 2:16 am

        <blockquote><em><a href="#517029">In reply to taswinfan:</a></em></blockquote><p>I consider Amazon the poster child of how today's economy is significantly rigged in favor of the rich and powerful</p>

        • taswinfan

          31 January, 2020 - 4:13 am

          <blockquote><em><a href="#517030">In reply to codymesh:</a></em></blockquote><p>Mm gotcha. Well I'm sure they pay whatever the minimum amount is that they can find. </p>

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