57% year on year growth achieved by Amazon.
Amazon has become one of the leading online marketplace in Australia in just four short years, zooming ahead of rivals such as Catch and Kogan during the COVID-19 lockdowns.
Amazon’s sales revenue hit A$1.75 billion in 2021, due to its “the everything store” status, coupled with a hefty streaming offering through Amazon Prime. In 2020, revenue more than doubled to reach A$1.12 billion.
Amazon.com.au, the online store portion of Amazon’s local business, generated sales of $883 million in 2021, a huge leap from 2020’s $517 million.
Amazon Prime memberships accounted for $155 million, and is a fast-growing arm of the local Amazon enterprise. In 2019, the nascent streaming service made just $35.4 million in Australia.
“Revenue from related parties”, which accounts for royalties from Aussie shoppers buying via international arms of the Amazon store, reached $471 million, up from $371 million.
Now, if only they paid a decent amount of tax.
Or gave their employees working conditions that respected them.