Q4 Revenue Surges to $87.4bn as Prime Membership Soars
- 21% increase in sales to $87.4bn (£66.5bn) for Q4
- Operating income increased to $3bn (£2.9bn)
- Net income increased to $3.3bn (£2.5bn)
- Operating cash flow up 25% to $38.5bn (£29.3bn) in 12 months
- Over 1 billion items sold by independent sellers during holiday season
- 100 million items shipped with Prime Free One-Day Delivery
- Prime membership growth attributed to success
- Over 150 million paid Prime members worldwide
- Amazon Originals received record 88 nominations and 26 wins at awards shows
- Earlier this week, named one of the ‘most loved retailers’ in UK by Savanta
Amazon has reported a staggering 21% increase in sales for the three-month period ending December 31, 2019, reaching $87.4 billion (£66.5 billion). Operating income also rose to $3 billion (£2.9 billion) in Q4 compared to $3.8 billion (£2.8 billion) in the same quarter of 2018. Net income increased to $3.3 billion (£2.5 billion), up from $3 billion (£2.3 billion) during the previous year’s fourth quarter. Amazon credits its Prime feature for the growth, with more people joining Prime than ever before and now boasting over 150 million paid members globally. During the holiday season, independent third-party sellers – mostly small and medium businesses – sold over a billion items, including 100 million shipped with Prime Free One-Day Delivery. Amazon Originals received 88 nominations and 26 wins at major awards shows. The e-commerce giant was recently named one of the ‘most loved retailers’ in the UK by market research firm Savanta.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Amazon’s sales increase and financial performance, as well as its growth in Prime membership and customer engagement. It also mentions awards for Amazon Originals and a positive ranking from market research firm Savanta.
Noise Level: 3
Noise Justification: The article provides relevant information about Amazon’s sales and growth, but it lacks a deeper analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or new knowledge for the reader.
Financial Relevance: Yes
Financial Markets Impacted: The financial performance of Amazon impacts financial markets as it is a major player in the tech and e-commerce sectors.
Financial Rating Justification: This article discusses Amazon’s financial performance, including increases in sales, operating income, and net income. It also mentions the impact on financial markets due to its influence in the tech and e-commerce sectors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme events mentioned in the article.
www.retailsector.co.uk