EP194 - Amazon Q3 2019Earnings and News Amazon Q3 Earnings Revenue accelerated in the US and intl due to 1-day prime juicing demand US - 24% (Q1 - 17%, Q2 - 20%, Q3 - 24%) Intl 21% (Q1 - 16%, Q2 - 17%, Q3 - 21%) Unit growth (items sold) accelerated to 22% - 4% acceleration (18%) - fastest in 2yrs. This came at a cost - profits were down 26% y/y and TODO wall st estimates because shipping costs grew 46% Specifically GAAP operating income of $3.16b came in 2% below street consensus of $3.22b EPS was $4.31 vs street $4.56. This caused the stock to soften by 7-9% in after-hours trading and articles are already out that bezos no longer richest man. Amazon's Q4 midpoint revenue was $4b below Wall St. estimates and they projected lower margins than wall st expected. Specifically, guidance is $80b-$86.5b with midpoint of $83.25b - implies 15% growth, 5% below Wall St. Amazon's Ads biz which grew 45% y/y and represented $3.6B in the Quarter. Brian T. Olsavsky - CFO: "So other revenue, which is principally advertising grew 45% this quarter, up from 37% last quarter. And the biggest thing in there is advertising and advertising grew at a rate higher than that 45%." Amazon News Amazon Ad Conference - 400 people "AdCon 2019" 10/2 & 3 Cutting back on apparel Brands Free shipping on $1 items, no more CRaP, No more Add-On Amazon Counter Expansion Amazon acquires digital health start-up Health Navigator Amazon Launches Premium Gin "Tovess" <a href="https://rg.tl/2W5UQVP" target="_blank" rel=