Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Amazon Posts Largest Profit in Its History

Translator

Editor

2 February 2018 09:42 WIB

TEMPO.CO, Jakarta - Amazon.com Inc on Thursday, Feb. 1, reported a profit near 2 billion USD, the largest in its history. The online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line.


Shares rose more than 6 percent in extended trading, after previously closing down 4 percent on the Nasdaq.

Seattle-based Amazon is using fast shipping, television shows exclusive to its website and forays into new technology, such as its voice-controlled Alexa devices, to attract high-spending Prime members. Amazon said price cuts at Whole Foods Market, which it acquired for $13.7 billion last year, are helping it win grocery sales, too.

The world's largest online retailer said net income more than doubled to $1.86 billion, or $3.75 per share in the fourth quarter ended Dec. 31. Its profit received a provisional $789 million boost from the U.S. Republican tax bill passed in December. Analysts on average were expecting just $1.85 per share, according to Thomson Reuters I/B/E/S. (http://tmsnrt.rs/24gibla)

"This was another blow-out quarter for Amazon," said GBH Insights analyst Daniel Ives. "The retail strength was eye-popping as the company had a banner holiday season and looked to capture roughly 50 percent of all e-commerce holiday season sales."

As expected, the period running from before the U.S. Thanksgiving holiday through New Years was Amazon's biggest-ever by revenue. Sales rose 38 percent to $60.5 billion in the quarter, beating estimates.

The company's fast delivery, like its two-hour Prime Now service, has helped win over holiday shoppers eager to avoid the crowds of big-box retailers. Prime saw more than 4 million sign-ups in one week alone last quarter, and revenue from subscription fees grew 49 percent to $3.2 billion, Amazon said.

That figure is expected to rise this quarter in part because the company recently raised the fee for month-to-month Prime plans, affecting some 30 percent of subscribers, according to analysts at Cowen & Co. Some 60 million, or close to half of all U.S. households, are estimated to have Prime subscriptions.

Advertising and other revenue rose 62 percent to $1.74 billion.

Perhaps the surprise star of the past quarter was Amazon's voice aide Alexa, embedded in the company's Echo speakers and Fire TV players, as well as some cars and house gadgets. Millions of Amazon customers ordered goods by voice with Alexa in the past year, said Brian Olsavsky, Amazon's chief financial officer, on a call with reporters.

"Our 2017 projections for Alexa were very optimistic, and we far exceeded them," added Jeff Bezos, Amazon's founder and chief executive, in a statement. "We don’t see positive surprises of this magnitude very often — expect us to double down."

REUTERS



Govt to Summon TikTok This Week Over Social Commerce Ban Compliance

31 hari lalu

Govt to Summon TikTok This Week Over Social Commerce Ban Compliance

The Ministry of Trade plans to summon TikTok this week to ensure the platform still complies with the Trade Minister Regulation No. 31 of 2023.


Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

34 hari lalu

Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

Bank Indonesia stated that the digital economy and finance are poised to be a game changer in the country's economic landscape.


TikTok Shop Yet to Comply with Indonesian Rules, Says SMEs Minister

37 hari lalu

TikTok Shop Yet to Comply with Indonesian Rules, Says SMEs Minister

TikTok was found to be in violation of the Indonesian Trade Minister's Regulation regarding its TikTok Shop operation.


IT Expert Responded to TikTok Shop-Tokopedia Collaboration

18 Desember 2023

IT Expert Responded to TikTok Shop-Tokopedia Collaboration

Expert from the ICT Institute Heru Sutadi responded to the return of TikTok Shop in Indonesia after its team-up with Tokopedia.


Trade Minister Comments on TikTok Shop Reopening on Social Media

14 Desember 2023

Trade Minister Comments on TikTok Shop Reopening on Social Media

Trade Minister Zulhas responded to the SMEs Minister's complaint over the reopening of TikTok Shop.


Trade Minister Spills Local Beauty Product Transactions Hit US$1bn

14 Desember 2023

Trade Minister Spills Local Beauty Product Transactions Hit US$1bn

Trade Minister Zulkifli Hasan revealed that local beauty products have been contributing significantly to the country's revenue.


TikTok Shop Returns; Trade Ministry Confirms No New Permit Issued Yet

12 Desember 2023

TikTok Shop Returns; Trade Ministry Confirms No New Permit Issued Yet

TikTok's e-commerce feature, TikTok Shop, returns today, Dec. 12, following a strategic partnership with homegrown tech giant PT GoTo Gojek Tokopedia.


4 of 5 Indonesians Easily Fall for Online Scam; Here's Why

2 Desember 2023

4 of 5 Indonesians Easily Fall for Online Scam; Here's Why

Indonesian people are reportedly easily deceived in online transactions, according to a recent social experiment related to online scams.


TikTok Should Follow Regulations to Collaborate with E-Commerce, Govt Says

28 November 2023

TikTok Should Follow Regulations to Collaborate with E-Commerce, Govt Says

TikTok is free to collaborate with any e-commerce platforms as long as it abides by applicable regulations and procedures in Indonesia, says Govt.


Post TikTok Shop Ban, 20% of Consumers Move to Other E-Commerce Platforms

24 November 2023

Post TikTok Shop Ban, 20% of Consumers Move to Other E-Commerce Platforms

Those who used to shop at TikTok Shop moved to Bukalapak, Shopee, Tokopedia, or Lazada, according to Minister Teten Masduki.