Amazon surpasses Walmart in revenue for first time

Amazon surpassed Walmart in quarterly revenue for the first time, with $187.8 billion in the fourth quarter compared to Walmart’s $180.5 billion, marking a shift in their long-standing ranking. While Walmart continues to lead in annual sales, Amazon is projected to close the gap, with revenue expected to reach $700.8 billion in 2025. Amazon’s revenue growth is driven by its retail unit, cloud computing, advertising, and seller services, with third-party seller services accounting for 24.5% of total sales and Amazon Web Services for nearly 17%. Walmart has emulated Amazon’s strategies by launching a third-party marketplace, advertising business, and loyalty program, Walmart+, to compete with Amazon Prime.

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