EP194 - Amazon Q3 2019Earnings and News   Amazon Q3 Earnings Revenue accelerated in the US and intl due to 1-day prime juicing demand US - 24%  (Q1 - 17%, Q2 - 20%, Q3 - 24%) Intl 21% (Q1 - 16%, Q2 - 17%, Q3 - 21%) Unit growth (items sold) accelerated to 22% - 4% acceleration (18%) - fastest in 2yrs. This came at a cost - profits were down 26% y/y and TODO wall st estimates because shipping costs grew 46%  Specifically GAAP operating income of $3.16b came in 2% below street consensus of $3.22b  EPS was $4.31 vs street $4.56. This caused the stock to soften by 7-9% in after-hours trading and articles are already out that bezos no longer richest man. Amazon’s Q4 midpoint revenue was $4b below Wall St. estimates and they projected lower margins than wall st expected. Specifically, guidance is $80b-$86.5b with midpoint of $83.25b - implies 15% growth, 5% below Wall St. Amazon’s Ads biz which grew 45% y/y and represented $3.6B in the Quarter.  Brian T. Olsavsky - CFO:  “So other revenue, which is principally advertising grew 45% this quarter, up from 37% last quarter. And the biggest thing in there is advertising and advertising grew at a rate higher than that 45%.” Amazon News Amazon Ad Conference - 400 people “AdCon 2019” 10/2 & 3 Cutting back on apparel Brands  Free shipping on $1 items, no more CRaP, No more Add-On Amazon Counter Expansion Amazon acquires digital health start-up Health Navigator  Amazon Launches Premium Gin “Tovess”  Amazon charges brands for slots in holiday catalog  Jeff Bezos’s Master Plan by Franklin Foer of  The Atlantic Is Amazon Unstoppable? New Yorker Charles Duhigg Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 194 of the Jason & Scot show was recorded on Thursday October 25th, 2019. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Automated Transcription of the show Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 194 being recorded on Thursday October 24th, 2019 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:40] Hey Jason and welcome back Jason Scott your listeners Jason I want to start us off with a deeply, personal question of personal nature and I know this is private awkward to just jump into on a podcast but do you have your episode 9 Star Wars tickets yet they just went on sale. Jason: [0:57] I know they went on sale I do not have them and I know you're probably mad at me. Scot: [1:04] I'm not because I got you an extra ticket so all you have to do is buy a plane ticket to RDU and you can come watch it with me. Jason: [1:13] Is as likely I'll be in RDU as a Chicago on that day so it's a December. Scot: [1:20] But it's an open offer to so if you have a hard time getting tickets let me know. Jason: [1:24] Yeah I just not a good enough plan or to know that I could get a babysitter on December 20th so we didn't buy tickets and I have to admit a total Star Wars newbie move I'm somewhere when the tickets went for sale and I got like a push notification on my phone and I'm like. Wait how did I miss this is the movie about to be released and I missed it. Of course it's there selling tickets 2 months early. Scot: [1:50] Come on dude that's that's embarrassing. Jason: [1:52] I'm going to edit that out of the podcast so people think I'm cooler like you are. Scot: [1:58] Speaking of Star Wars the even before then we have a big event the new series Mandalorian premiers on it's kind of one of the launch pieces of content for Disney plus that comes out November 12th so is Star Wars fans are going to have to big drops Within what is that like 40 days so it's going to be pretty exciting and rise of Skywalker so it's going