EP262 - Amazon Q1 Earnings It's Q1 earning season. We recap Amazon, EBay, and Shopify Q1 earnings reports. We also lightly touch on Google and Facebook earnings and cover some other Amazon news. 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. Episode 262 of the Jason & Scot show was recorded on Thursday April 30, 2021. Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 262 being recorded on Thursday April Twenty Ninth twenty twenty-one, I'm your host Jason "Retailgeek" Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:41] Hey Jason and welcome back to Jason Scott show listeners well Jason it is late April and you know what that means. Nope not pollen season not finally warming up in Chicago it is earning season. Jason: [0:56] I thought it was the week before Star Wars Day. Scot: [0:59] Oh yeah that's coming up lot a lot of exciting May 4th things going on but that's not the focus of today shows Today's show this earnings season it lined up really nicely for podcasters so we appreciate all the big companies working with us on this so the sequence that was kind of interesting is we had Google first on the 28th and then eBay that same day and then Amazon and then I'm sorry Shopify so it went. Google Shopify eBay Amazon and Amazon was today so we have kind of four of the key companies that we like to talk about all releasing so, gives us a good chance to kind of see where we triangulated on q1 the other one that announced in there is Facebook and we have a couple tidbits from that one, in fact I'll kick it over to you to start there. Jason: [1:51] Yeah so Scott one of the interesting things in Facebook's announcement is they referenced the the likely impact that the that Apple's changes to mobile, app tracking the idea of a would have on their go forward advertising revenue and is a reminder. We did a deep dive into changes in privacy from mobile cookies and from mobile tracking and from from third-party cookies and episode 257 which was a very popular episode. But one of the things we talked about is Apple's making it harder to track. [2:30] Mobile app behaviors and the company most impacted that by that is Facebook because. Facebook sells a lot of ads to mobile app Publishers to help them get installs for their mobile apps and they'll now have, a lot more difficult time doing attribution For Those ads and being able to State when those ads trigger an actual install. So in the earnings Facebook had pretty good earnings and in their guidance they said they still expected the that ad, Revenue to grow but they did acknowledge that the changes to IDF a would be a headwind. That likely would slow down the rate of growth of advertising related to these mobile apps and this this change that Apple was doing actually took effect in the. [3:25] The iOS 14.5 which released this Monday which I think was three days ago April 26. And a related side note that that's interesting to me about Apple is Apple is super good at getting all their users to update their operating system so it's been like three days in a huge huge majority of apples users are already on that new operating system so, whatever effect it's going to have on Advertising Facebook is starting to see it we probably won't get any data about what it was for at least a month. [4:01] But Facebook is undoubtedly already feeling it whereas where you know Google to make a similar change with with Android. It would take much longer to take effect because they're their operating systems tend to get deployed much more slowly. Scot: [4:18] Yeah. It's a as a app developer the Android operating system is a huge Bear Tooth to support everything people will call up and say I'm still on I forget wha