For the first time in company history, Amazon's quarterly revenue passed $100 billion. It's a big moment for the online retailer, though not exactly an unexpected one. Analysts predicted $119.7 billion in revenue, and Amazon delivered $125.56 billion. That makes the fourth quarter of 2020 Amazon's largest ever by revenue. The online retailer also spent heavily in the fourth quarter on coronavirus-related expenses. Those costs are expected to begin declining, along with volumes, in the first quarter.
Amazon’s blockbuster fourth-quarter results were driven in part by what the company called a “record-breaking holiday season,” during which it delivered more than a billion products to shoppers worldwide.