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Amazon’s latest earnings cap off a sterling 2020, despite the pandemic

The Verge

Amazon founder and soon-to-be-former CEO Jeff Bezos is stepping down from his role , making way for Amazon Web Services CEO Andy Jassy to take his place, and the company couldn’t be in better shape financially for the big transition. Amazon’s full-year 2020 net sales were up 38 percent, to $386.1

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Amazon’s total Washington state employment declines for the first time, new numbers show

GeekWire

The net decrease in the state comes as Amazon builds up its workforce in downtown Bellevue, but sees its overall employment decline at its main headquarters campus north of downtown Seattle. That’s up year-over year, from about 65% in 2023; but down over the past four years, from about 72% in 2020.

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Amazon increases its market cap by $600B in 2020 — and analysts predict even more growth

GeekWire

Amazon has become one of the top beneficiaries of social distancing mandates amid the COVID-19 pandemic as more people rely on its online store, cloud computing services, digital media offerings, and more amid the pandemic. The company is currently valued at more than $1.5 trillion, with shares trading around $3,150 on Monday.

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Amazon sustainability report: Carbon emissions rose 19% in 2020 as pandemic drove huge revenue

GeekWire

As Amazon’s sales skyrocketed during the pandemic, its carbon emissions rose — by 19%, according to its 2020 sustainability report , released Wednesday. The report is Amazon’s third annual sustainability report assessing progress toward its 2019 Climate Pledge to achieve net-zero carbon emissions by 2040.

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Amazon Prime Day, AWS and jobs in the spotlight for Andy Jassy’s first earnings report as CEO

GeekWire

What to watch in the numbers: Wall Street expects Amazon to report overall net sales of $115 billion , on average, a 29% increase year-over-year. That’s toward the high end of Amazon’s previous guidance of net sales between $110 and $116 billion. Industry analysts believe Prime Day sales grew at a slower rate.

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Amazon blows past estimates for holiday quarter, sets record with $125.6B in revenue

GeekWire

Amazon Web Services chief Andy Jassy will replace Bezos, who founded Amazon 27 years ago. The Seattle tech giant has surged amid the pandemic as consumers turn to online shopping and more people rely on its cloud arm, Amazon Web Services. Profit: Amazon reported net income of $7.2 billion in sales.

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Amazon closes acquisition of One Medical, lowers price of primary care membership

GeekWire

billion in revenue last year, up 68% from the year prior, with a net loss of $144.1 In 2021, the company shut down its Haven healthcare joint venture with Berkshire Hathaway and JPMorgan Chase, and last year it closed its Amazon Care primary care service. The company went public in January 2020. at the end of December.