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[size=36]Amazon generates $ 280 billion in 2019 and net income of $ 11 billion[/size]
Economy | 08:57 - 01/02/2020
Follow-up - Mawazine News
Amazon revealed its financial results for the fourth and last quarter of the fiscal year 2019, which ended at the end of December, as the company achieved 87.4 billion dollars in revenue, and the company achieved sales growth of 21% compared to the same period in 2018 when it achieved 72.4 billion dollars, perhaps the reason for These major results are mainly due to the significant rise in Prime subscribers with 150 million hits.
And according to what Amazon posted on its official blog, Amazon achieved up to $ 3.9 billion in operating income in the fourth quarter 2019 compared to $ 3.8 billion in 2018, while net income reached $ 3.3 billion, and for the full year 2019, the company's sales have grown 20% to reach $ 280.5 billion compared to $ 232.9 billion in 2018, and this contributed to achieving an operating income of $ 14.5 billion compared to $ 12.4 billion in FY 2018, and a net income of $ 11.6 billion.
Perhaps the main reason for Amazon sales growth during the fourth fiscal quarter of 2019 is that Prime service subscribers exceeded the barrier of 150 million paid subscribers, an increase of about 50 million subscribers compared to the same period of 2018, despite the gradual increase in the value of the subscription by $ 10 per year.
The company said that Prime subscribers who received the delivery service on the same day quadrupled their number in 2019 compared to 2018, as well as the video and visual content service that is available within the subscription witnessed twice the number of hours spent by subscribers on the original works produced by it compared to last year, Her work has achieved 88 nominations for international awards and 26 wins. Ended 29 / p
And according to what Amazon posted on its official blog, Amazon achieved up to $ 3.9 billion in operating income in the fourth quarter 2019 compared to $ 3.8 billion in 2018, while net income reached $ 3.3 billion, and for the full year 2019, the company's sales have grown 20% to reach $ 280.5 billion compared to $ 232.9 billion in 2018, and this contributed to achieving an operating income of $ 14.5 billion compared to $ 12.4 billion in FY 2018, and a net income of $ 11.6 billion.
Perhaps the main reason for Amazon sales growth during the fourth fiscal quarter of 2019 is that Prime service subscribers exceeded the barrier of 150 million paid subscribers, an increase of about 50 million subscribers compared to the same period of 2018, despite the gradual increase in the value of the subscription by $ 10 per year.
The company said that Prime subscribers who received the delivery service on the same day quadrupled their number in 2019 compared to 2018, as well as the video and visual content service that is available within the subscription witnessed twice the number of hours spent by subscribers on the original works produced by it compared to last year, Her work has achieved 88 nominations for international awards and 26 wins. Ended 29 / p
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