Amazon’s advertising business grew 20% in the second quarter
Publishing timestamp: 2024-08-01 20:19:26
Summary
Amazon's online advertising business brought in $12.77 billion during the second quarter, missing analysts' estimates. Meta's online advertising sales improved after a tough 2022, while Alphabet's Google ad unit saw a 11% year-over-year increase in sales. Microsoft reported a 19% increase in search and news advertising sales. Smaller online advertising-powered businesses like Snap, Pinterest, and Spotify also reported revenue growth.
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Keywords: business news, snap inc, mobile, technology, social media, breaking news: technology, amazon.com inc, internet,