Global e-commerce juggernaut Amazon has broken through the billion-dollar revenue mark in Australia after its revenue doubled during 2020 as the COVID-19 pandemic fuelled a surge in online buying.
Financial records posted for the business late on Friday evening revealed Amazon Australia’s retailing arm, Amazon Commercial Services, reported $1.12 billion in net sales for the 2020 calendar year, a 99.4 per cent jump from the year prior.
Amazon Australia is now a billion-dollar company.Credit:Amazon
Of this, $511 million is directly related to sales of goods from Amazon’s online store, over double the $218 million recorded in 2019. This shows the online retailer has also seen a similar boost in customer numbers as other major Australian e-commerce sellers such as Catch and Kogan as locked-down shoppers took their spending online.
Revenue from third-party sellers, which refers to Amazon’s marketplace business, jumped to $126 million. The company’s related party revenue, which Amazon receives for offering marketing and support services to its affiliated companies, rose to $371 million.
