Amazon UK has reported strong revenue growth for 2019, surpassing the national trend as well as other key Amazon markets. Revenues in the UK increased by 23% to £13.4 billion ($17.53 billion), outperforming the 20.7% growth in US dollars. Overall, Amazon’s global sales rose by 20% to $280.5 billion (£214.9 billion). Despite the challenging economic climate, the UK business performed better than other international markets such as Germany and Japan, which saw growth rates of 11.8% and 15.7% respectively.

The success of Amazon UK can be attributed to its strong performance compared to the company’s international business, which experienced a 13% increase in revenues overall. The online stores segment accounted for 50.4% of total revenues, while third-party services saw a 19.2% increase. Although subscription services make up a smaller portion of the company’s business, the number of Prime subscribers continues to grow at a rapid pace, reaching 150 million by the end of 2019.

Amazon Web Services (AWS), the company’s cloud computing division, also experienced significant growth with a 37% increase in revenues. In addition, the North America segment delivered a 21% revenue increase.

These impressive results demonstrate the resilience of Amazon UK in a challenging economic environment. The company’s strong performance compared to its international counterparts highlights the success of its online stores and third-party services. With the growing number of Prime subscribers and the continued growth of AWS, Amazon is well-positioned for future success in the UK market and beyond.

Useful links:
BBC: Amazon UK reports strong revenue growth
Reuters: Amazon’s global sales rise but sales forecasts disappoint