The only negative in the report was a lower-than-expected guidance number for the March-ending quarter. Profits hit $3 billion, compared to $1.9 billion a year ago. Amazon has not fully rolled out an attribution program it tested previous year, which let advertisers detect when their digital ads led to sales on its site.
Mr. Olsavsky said the guidance includes two percentage points of negative impact from changes in currency exchange rates. That is short of the $60.77 billion forecast from Thomson Reuters.
Clouding the company's prospects is India, where the government is implementing new rules that place limitations on foreign e-commerce companies. In November, Amazon revealed that the Echo had been a top mover in its Black Friday sale, which may have contributed to its overall success in 2018. Its fourth-quarter profit was just below the earnings the company recorded for the entire year in 2017. Amazon's full-year 2018 profit - $10.1 billion - is more than triple the year-earlier result. Fast and free shipping helped the world's largest online retailer boost revenue by 20 percent.
24/7 Wall St. saw many analyst calls on Amazon after earnings. He added that he expects the company to increase investments this year relative to 2019, in part to support the continued growth of Amazon Web Services (AWS), its computing and software rental business. The company has also committed to a major expansion in Virginia and NY with a $5 billion price tag.
'Fortnite': How to Complete the 'Sundial, Oversized Coffee, and Dog Head' Challenge
Here's where the Sundial, Oversized Cup of Coffee, and Giant Metal Dog Head locations are in Fortnite . To find the sundial that you need to dance on, set your sights for a stone plateau near Fatal Fields.
Orlando police confirm TSA agent dead after jumping off airport balcony
All passengers at gates 70 to 129 had to be rescreened, the airport said. "Operations at [gates 1 through 59] are normal". In the ensuing chaos, some passengers scattered into the area beyond the security checkpoint, Koshetz said.
Irving backtracks on plans to re-sign with Celtics
Joining Durant in NY , not far from where Irving grew up in West Orange, New Jersey, would likely put the 26-year-old on one of the NBA's best teams.
Ad sales and "other" revenue jumped 95 percent to $3.4 billion in the fourth quarter.
Amazon shares have risen 14 percent since the beginning of the year, while the Standard & Poor's 500 stock index has increased almost 8 percent and the Nasdaq composite has risen 9.7 percent. The New Amazon Aurora Global Database enables its users to update a database in a single region, which will then be replicated automatically to other AWS region, improving not only easier data availability, but also disaster recovery while an On-Demand feature has been implemented in the Amazon DynamoDB system that reads/writes capacity provisions which render capacity planning obsolete and customers pay only for the requests they consume.
According to a January 31st, 2019 media release, Amazon net sales increased by 20 percent compared to Q4 2017.
But executives see opportunities to sell advertisements tied to its various video offerings. Amazon has been expanding grocery delivery from Whole Foods stores, and the service is now active in more than 60 US cities. In 2018, Google accounted for 37 percent of digital ad spending in the U.S. and Facebook accounted for 21 percent, while Amazon took in just 4 percent, according to eMarketer.