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UnavailableDay 2: Amazon's Giant Quarter
Currently unavailable

Day 2: Amazon's Giant Quarter

FromGeekWire


Currently unavailable

Day 2: Amazon's Giant Quarter

FromGeekWire

ratings:
Length:
32 minutes
Released:
May 1, 2021
Format:
Podcast episode

Description

This week's show is a special presentation of GeekWire's newest podcast, Day 2, about everything Amazon, analyzing the company's record quarterly results and looking ahead to what's next. To hear more episodes, subscribe to Day 2 in any podcast app.

Year-over-year quarterly growth of 44% would be significant for any company, but when the numbers were already this big, it starts to qualify as astonishing.

Amazon's sales of $108.5 billion in the first quarter compared with $75.5 billion a year earlier, setting a new record for the Seattle-based e-commerce giant and providing a glimpse of its strong position as the world emerges from the pandemic. Amazon is easing its spending on COVID-19 initiatives, but consumers' online purchasing habits appear to have permanently changed.

The result: its profits more than tripled, to $8.1 billion, from $2.5 billion a year earlier.

The impact of that structural shift on Amazon's bottom line is the big takeaway from its first-quarter results, released Thursday afternoon.

We break down the quarter on this episode of Day 2, GeekWire's podcast about everything Amazon, with GeekWire co-founders Todd Bishop and John Cook, and former third-party seller Jason Boyce, co-author of "The Amazon Jungle" and founder and CEO of e-commerce agency Avenue7Media. 

See omnystudio.com/listener for privacy information.
Released:
May 1, 2021
Format:
Podcast episode

Titles in the series (100)

GeekWire brings you the week's latest technology news, trends and insights, covering the world of technology from our home base in Seattle. Our regular news podcast features commentary and analysis from our editors and reporters, plus interviews with special guests.