Deep Dive: Amazon's holiday season
Last week, Amazon crushed its Q3 earnings as gross revenue rose 37% year-over-year. Now, the company is facing what Jeff Bezos calls an "unprecedented holiday season" that could see record performance for Q4 2020. In this special feature, we break down the latest forecasts:
By the numbers:
- Amazon's Q3 revenue was $96.1b, up 37% YoY from $70b in Q3 2019.
- In its latest earnings report, Amazon forecasts Q4 revenue of $112b to $121b, which would be a YoY increase of 28%-38%. It would also mark the first time Amazon's quarterly revenues exceeded $100b...