Amazon's advertising business grew 19% in the third quarter
Publishing timestamp: 2024-10-31 16:32:07
Summary
Amazon's online advertising business grew 19% year over year to $14.3 billion in the third quarter, making it a major competitor to Alphabet and Meta in the digital advertising market. Other tech giants like Microsoft, Snap, and Reddit also reported positive growth in their advertising revenue.
Sentiment: NEUTRAL
Tickers: MSFT, RDDT, META, GOOGL, SNAP, GOOG, AMZN,
Keywords: amazon.com inc, breaking news: technology, microsoft corp, internet, alphabet class c, earnings, reddit inc, snap inc, meta platforms inc, alphabet inc, technology, business news, social media, advertising,