EP312 - Amazon Q3 2023 Earnings

Amazon reported another strong quarter across the board for Q3, soundly exceeding analyst profit expectations and retail industry averages. In this episode we break down the AWS AI, Ads, and retail performance.

http://jasonandscot.com

Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.

Transcript

Jason:
[0:23 ] Welcome to the Jason and Scot show this is episode 312 being recorded on Monday October 30th right before Halloween I'm Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo.

Scot:
[0:38 ] Hey Jason and welcome back to Jason and Scot show listeners Jason it's a Halloween Eve hallow Eve but also we just watch the Mac live presentation from Apple or live presented recorded earlier presentation from Apple about new Macs, so I don't know I think I'm going to ask you about Max first are you going to get a new Mac are you sitting out this upgrade cycle.

Jason:
[1:07 ] I am on the fence guy of course I want one I have scheduled a meeting with my family CFO to see if I can, I can justify it so so we'll see I did not order one tonight I'm actually.
Still super happy with my M1 MacBook Pro so so I know M3 is at least three times better so so of course I want one but we'll see when I pull the trigger what about you is yours already on the way.

Scot:
[1:38 ] I have been a while without an upgrade and running a little long on the tooth on this guy so yes I have a new machine coming they were actually pretty generous on the trade-ins you should just do an experiment before you talk to the CFO plug-in that trade in and see if it.

Jason:
[1:56 ] That could be the.

Scot:
[1:58 ] You a better presentation also if you have an Apple credit card which I'm sure you do they have a really compelling offer there.

Jason:
[2:07 ] All right lots of lots of good good things to consider my nine-year-old has made it clear that we're not allowed to trade anything in it.

Scot:
[2:17 ] It's got dibs on.

Jason:
[2:20 ] He's very he's very aware of the technology trickle down.

Scot:
[2:24 ] Oh man well you can somewhere down the stream there's going to be one that you could trade in but I don't think it may have as much impact as your courage.

Jason:
[2:32 ] I I don't know if he's ever going to own a computer device with a keyboard will see but yeah he's actually not that interested in my laptop.

Scot:
[2:40 ] Speaking of baby geek or I guess now he's I don't know kindergarten geek.

Jason:
[2:46 ] Third grade geek.

Scot:
[2:47 ] Third grade geek what's he thinking about Halloween I hear he's kind of outgrown Star Wars which makes me casa.

Jason:
[2:56 ] He still like Star Wars but he yeah he is not doing a Star Wars character last year he did a Pokemon character he did Pikachu and this year he's stepped up to Charizard so that.

Scot:
[3:09 ] Very rare.

Jason:
[3:11 ] Enables well I think it depends on which Charizard butt.
That steps up the whole opportunity to build pyrotechnics into the costume.

Scot:
[3:21 ] All right watch out for some evil Pokemon people that try to capture.

Jason:
[3:26 ] Yeah I think the big debate in our house which isn't hasn't fully happened yet is who's trick-or-treating with Stephen and who's staying behind to try to scare the bejesus out of neighborhood kids.

Scot:
[3:36 ] I'm thinking you and a gorilla suit or you could be in the last year's Pokemon suit or Pikachu suit that could be a fun combo.

Jason:
[3:45 ] Yeah last year I actually had knee surgery only a few days before Halloween so I won by default because I couldn't really walk but this year I feel like I have no good excuse.

Scot:
[3:56 ] Right as the title shows the purpose of this as we have some Amazon news to report on.

Jason:
[4:02 ] Amazon news your margin is there opportunity.

Scot:
[4:15 ] Well Jason it was a kind of interesting setup coming into Earth earning season this quarter the whole world was focused not on e-commerce not on marketplaces not on omni-channel not on payments some of our favorite topics but also not on ads one of your favorite topics but everyone is now obsessed with AI thanks to the success of chat Juju GPT so coming into the quarter Amazon was kind of on the backside of a lot of the other big comp