EP162 - Amazon Q4 2018 Earnings Hot Take  Jason & Scot will be podcasting live from the eTail West which is held Feb 19-22 in sunny Palm Springs, CA. As a special gift to listeners, you can use the code JASONSCOT for 20% off. This episode is a hot take on Amazon Q4 2018 earnings Amazon Q4 Earnings Highlights $72.4BB, which is a 20% y/y increase $19.4B in Free cash flow Amazon grew North America 18% y/y and International 15% y/y, for a blended growth rate of 17% Unit growth decelerated to 14% from 15% in Q3 Revenue from brick and mortar down 3% Amazon Web Services - Grew 45% to $7.4B for the quarter and generated $2.2b in operating income which was up 61% y/y Marketplace 52% of units, down from 53% levels in Q2 and Q3 Wingo GMV estimate -> 150B GMV for the quarter.  $450B GMV for the year ($300B GMV in North America). Amazon Ad Business - grew 95% y/y  to $3.49B (Estimated $10B for the year) Pivotal estimates $38B by 2023 Jason & Scot will be podcasting live from the eTail West which is held Feb 19-22 in sunny Palm Springs, CA. As a special gift to listeners, you can use the code JASONSCOT for 20% off. Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 162 of the Jason & Scot show was recorded on Thursday, January 31st, 2019. Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer and Scot Wingo, CEO of GetSpiffy and Executive Chairman of Channel Advisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. New beta feature - Google Automated Transcription of the show: Transcript Jason: [0:24] Welcome to the Jason and Scott show this episode is being recorded on Thursday January 31st 2019 I'm your host Jason retailgeek Goldberg and as usual I'm here with Scot Wingo. Scot: [0:37] Hey Jason welcome back Jason Scott show listeners Jason big question it's -50 there in Chicago how are you hanging. Jason: [0:46] I am enjoying the modern technology of central heating so I'm doing I'm doing terrific my dog who hasn't had a walk outside in like 3 days is doing less well for MacGyver. Scot: [0:59] Your dog doesn't have four dogs can't take minus 50. Jason: [1:03] I really like this is a rescue dog from Detroit that thinks he's like a Southern California dog like he goes on strike below about 40 degrees. Scot: [1:13] Got it Caldwell. Earlier this evening Amazon announced their 4th quarter results that we've been on pins and needles waiting to see how they did so this episode is going to be exclusively Amazon news and we're going to give you a hot take on the result. But first Jason are going to be live podcasting from etail West which is held February 19th to 22nd at Palm Springs California and it's a special guest gift exclusive gift to our listeners you can use the code Jason Scott there's no and in there so j a s o n s c o t Scott with one t looks like Jason Scott is another way to think about it, for 20% off and we are going to put a link quick Link in the show notes for you to be able to apply for that and come to the show and see Jason I'd life podcasting would love to chat with you if you're going to be there. [2:11] So with that housekeeping all the way let's jump into Amazon results first I kind of wanted to frame the discussion so the companies have already announced we had Facebook and eBay come out and, Facebook really kind of exceeded expectations because they've been in this kind of poop storm of negativity and controversy that was interested or expecting it to be bad because advertisers was bailed on them. [2:39] Turns out if you have a way to get in front of customers people want then they don't really care about the controversy I guess, eBay's results were below expectations so so kind of another e-commerce company there and was eBay's results or a lot of talk about this kind of. End of 4th quarter slowed down so if you recall we had camera from Adobe on the show and Adobe has com