In the Zon... How Amazon's feeling after shipping expectations-smashing earnings. Revenue rose 21% and profits came in sweeter than expected at $3.3B. Amazon shares jumped 12% to bring its valuation over $1T (capital T). Amazon's back in the $1 trillion Platinum Platypus club. For context:
- There are 1,000 Billions in 1 Trillion (whoa)
- A newly-minted Platinum Platypus (a trillion-dollar company) is worth 1,000 Unicorns (billion-dollar companies)... or 35 Lyfts
Unpack the deets... Will do. Amazon's profits got pinched last quarter as it spent a lot of $$$ in its race to 1-day shipping, aggressively challenging Walmart and Target to who-has-the-shortest-ship-time. Amazon won with its SSE (Short Ship Energy).
- The Cloud: Massive. Amazon's cloud Amazon Web Services (AWS) biz made up a huge 67% of its profit.
- Holiday sales: Extra strong. Holiday sales rose 4.1% overall in the US, but they rose a whopping 15% for Amazon.
- Prime Time: Growing. Amazon now has over 150M Prime members world-wide, up from 100M in 2018. And they're shelling out $119/year for free shipping and extra perks.
How huge can huge get?... If Amazon Prime members were a country, they'd be the 9th biggest nation on Earth (sandwiched between Bangladesh and Russia). Amazon's latest earnings suggest it's not slowing down. Other tech giants like Facebook and Google are showing signs of slowing growth. Amazon's already huge, but these recent results suggest it's still speeding up (for now).