Amazon's advertising business grew 18% in the fourth quarter
Publishing timestamp: 2025-02-06 21:08:35
Summary
Amazon's online advertising business reached $17.29 billion in the fourth quarter, slightly below analyst expectations. Meta and Alphabet also reported strong advertising sales growth, while Microsoft saw an increase in search and news advertising sales. Pinterest and Snap also reported revenue growth in the fourth quarter.
Sentiment: NEUTRAL
Tickers: AMZN, RDDT, META, SNAP, MSFT, GOOGL,
Keywords: meta platforms inc, internet, breaking news: technology, amazon.com inc, alphabet inc, business news, social media, earnings, microsoft corp, technology, reddit inc, snap inc,