Amazon CEO Andy Jassy spoke at the New York Times Trading Book Summit held on November 30, 2022 at the Jazz Room in Lincoln Center, New York City.
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Amazon Already Leslom Walmart Receive quarterly revenue for the first time ever.
Amazon Say earlier this month This brought in $187.8 billion in revenue in the fourth quarter. The company beat Walmart sales, which saw sales of $180.5 billion during the period Report Thursday.
Since 2012, Walmart There is a difference Become the highest revenue generator every quarter, which is the title you won after surpassing the oil giant ExxonMobil.
Walmart still leads annual sales, although Amazon is growing gradually. According to FACTSET, Walmart is expected to default on $708.7 billion in the coming fiscal year, while Amazon’s full-year revenue is expected to reach $700.8 billion.
Amazon’s core retail division remains its largest revenue generator, but its massive cloud computing, advertising and seller services businesses are also attracted by its top line. Third-party seller services include commissions and fees charged by Amazon in terms of performance and shipping, advertising and customer support, accounting for 24.5% of the company’s total sales last year. Amazon Web Services is responsible for nearly 17%.
Walmart looks to its main competitors for ways to maintain sales growth. The company operates a third-party marketplace and provides fulfillment services to sellers, although both companies are a small part of Amazon’s size. Walmart also launched an advertising business and loyalty program for shoppers, Called Walmart+which competes with Amazon Prime.
– CNBC Robert Hum Contributed to this report.
watch: UBS’s Michael Lasser says Walmart’s revenue still supports Bulls papers
