Amazon’s advertising revenue jumps 24% in first quarter
Publishing timestamp: 2024-04-30 17:14:06
Summary
Amazon reported 24% growth in its advertising business, becoming a major revenue and profit driver. Other digital advertising companies like Meta, Snap, and Alphabet also showed better-than-expected revenue growth in their ad businesses. This indicates a rebound in the digital ad market after a tough 2022.
Sentiment: POSITIVE
Tickers: AMZN, GOOGL, SNAP, META,
Keywords: amazon.com inc, alphabet inc, breaking news: business, breaking news: technology, meta platforms inc, media, technology, internet, snap inc, business news, enterprise,
Source: https://www.cnbc.com/2024/04/30/amazons-advertising-revenue-jumps-24percent-in-first-quarter.html