Amazon’s growth far outpaced its competitors in Q1 of 2023, according to data from company filings as well as e-commerce newsletter Stratably’s comparative estimates. The e-commerce giant, along with platforms Google, Meta, Pinterest, Snap, and Roku, all reported their earnings in late April, laying bare the differences in performance across all six companies.
Amazon reported 21% year-over-year (Y/Y) growth, according to its report. In contrast, its counterparts’ grew an average of 1.7%. This difference in performance is not due fundamentally to platform size; Snap, Pinterest, and Roku all grew at a slower rate than Amazon, regardless of their...