Amazon’s ad business grew 19% in first quarter, topping estimates
Publishing timestamp: 2025-05-01 20:06:30
Summary
Amazon's online ad revenue rose 19% in the first quarter, beating analysts' estimates. Other tech companies like Meta, Alphabet, Snap, Microsoft, and Reddit also reported their first-quarter earnings, with some warning of potential challenges ahead due to economic uncertainty and trade tensions. JPMorgan sees signs of 'Trump exhaustion' and predicts gold could reach $4000.
Sentiment: MIXED
Tickers: META, AMZN, RDDT, PINS, MSFT, SNAP, GOOGL,
Keywords: alphabet inc, meta platforms inc, social media, reddit inc, pinterest inc, business news, mobile, internet, technology, breaking news: technology,