‘Amazon grows sales 27% in 2016 and is increasingly profitable’ – Internet Retailer
Allison Enright says, “The e-retailer generated $136.0 billion in 2016 revenue and its net income grows by nearly 300%. Strong growth of 22% in Q4 contributed to the gains, and 49% of units sold in Q4 were by sellers on its marketplace.
It was a good year for Amazon.com Inc., which today reported its 2016 full-year and fourth quarter financial results.
The e-retailer generated $136.00 billion in revenue in 2016, up 27.1% from $107.01 billion in 2015. Its net income also grew nearly 300% to $2.37 billion from $596 million in 2015.
Excluding revenue from service sales, such as computing power and commissions paid by Amazon marketplace sellers, product sales totaled $94.67 billion, up 19.4% from $79.27 billion in 2015.
Shoppers made Amazon their go-to e-retailer for holiday shopping, and that’s reflected in Amazon’s Q4 performance. The e-retailer reported fourth quarter 2016 revenue of $43.74 billion, with North American sales, excluding Amazon Web Services, increasing by 22.0% and international sales up by 17.9%”.
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