EP115 - Amazon Q4 2017 Earnings Hot Take This episode is a hot take of the Amazon Q4 2017 earnings Amazon Q4 2017 Earnings $60B Revenue =~ $129B GMV ($47B 1P + $82B 3P) New Amazon A+ Content Options Amazon, JPMorgan Chase Health Care Project Supreme Court to hear South Dakota sales tax collection case UPS - Amazon Problem eBay - PayPal breakup Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 115 of the Jason & Scot show was recorded on Thursday, February 1st 2018. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at Razorfish, and Scot Wingo, Founder 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: [0:25] Welcome to the Jason and Scott show this is episode 115 being recorded on Thursday February 1st 2018 I'm your host Jason retailgeek Goldberg and as usual are you with your co-host Scott Wingo. Scot: [0:40] Hey Jason and welcome back Jason Scott Sugar Sisters. Well Jason her here we are on the first day of February 2018 is zipping by and today was interesting because it's kind of like the Super Bowl of two companies. Well yesterday we had eBay in Facebook announced and then today we have the Three A's Amazon alphabet / Google, and Apple so a lot of news coming out of those results and the all these companies are announcing how their fourth quarter of 2017 went which is. Exciting in the world of retail cuz that's the, the biggest quarter so tonight we're going to really focus in on Amazon on this episode and I were to have a hot take on some of the dialysis of their fourth quarter 2017 results and then at the end we have some time we are going to hit a couple other highlights of some of the other quarterly announcements. So long tail lizards know this but it's always important to refresh Aaron's memory when you look at these different results it's important kind of think about the Baseline out there and as an industry were growing looks like. The holiday Ecommerce came in at 16 dating percent retail came in at like 4% Jason is that kind of what it's been. Jason: [1:54] Yep yep maybe even a little higher like for 4.5%. Scot: [1:57] Go to those are those are kind of the benchmarks and you know I think the the the way I view the world is, if you're going faster than those are gaining sure if you're growing slower you're losing sure if you're not growing you're. You're pretty much toast to the role of e-commerce in retail so let's start outside with some big picture things so Jason I thought for you first we talked a lot about. Conversational Commerce and all. Echo ecosystem and this is this is probably the most strong bases code I've ever seen in any of Amazon's quarterly press releases for the last 20 years, read it in its entirety so Bezos said quote our 2017 projections for Alexa were very optimistic and we far exceeded them, we don't see positive surprises of this magnitude very often expect us to double down so that was pretty interesting and kind of like a, you know if you have to read that while you look at that picture of Jeff Bezos where he was like you seen the me where he was like super geeky on one side now he's all ripped, so you have to you have to imagine the rips of Jeff Bezos list of some kind of saying that one they sold tens of millions of Echoes In the. [3:12] Precious is the issue is not over 50 bullets I would say a good quarter of them were around Echo. [3:21] Anything you want to add around Echo. Jason: [3:23] Yeah it wasn't just funny because I remember it wasn't very long ago maybe even 2 years ago. Echo was just trying to get some traction and I think you mentioned to a reporter that you thought that it potentially could be the next billion-dollar business from Amazon and that was a, shocking surprising prediction that