Amazon’s Online Advertising Business Falls Short of Analyst Estimates But Is Still Growing Quickly

  • last month
Amazon's online advertising business earned over $12 billion during the second quarter, exceeding analysts' expectations and marking a 20% year-over-year increase. Amazon's online advertising unit is growing quickly but is still small relative to its core online retail business. Meta's revenue growth rate outpaced Google's ad business, with Alphabet reporting an 11% year-over-year increase in Google ad sales. Microsoft's search and news advertising sales grew by 19% yearly, though the company does not disclose specific revenue figures for this unit.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Amazon's online advertising business earned over $12 billion during the second quarter,
00:07exceeding analysts' expectations and marking a 20% year-over-year increase.
00:12Amazon's online advertising unit is growing quickly, but it is still small relative to
00:17its core online retail business.
00:19Meta's revenue growth rate outpaced Google's ad business, with Alphabet reporting an 11%
00:24year-over-year increase in Google ad sales.
00:27Microsoft's search and news advertising sales grew by 19% year-over-year, though the company
00:32does not disclose specific revenue figures for this unit.
00:34For all things money, visit Benzinga.com.

Recommended

1:04
I
Up next
Here's Why Tech Stocks May Lead The Way Into The End Of The Year
Benzinga
0:49
Trump's Niece Says Kamala Harris' 'Brilliant' Debate Performance Clarified What Kind Of Leader She Would Be: Ex-President 'Reduced To Sputtering Incoherence'
Benzinga
0:49
'They're Eating The Cats:' How Polymarket Traders Predicted Donald Trump's Bizarre Claim And The Pre-Debate Handshake
Benzinga
0:48
Melinda Gates Reveals 'Substantial' Donations To Kamala Harris-Tim Walz Campaign, Says Her Billionaire Status Is Still 'Surreal:' 'We Are Like-Minded On Many Issues'
Benzinga
0:44
Nancy Pelosi Says Trump Lost To Kamala Harris And 'That's Why He Doesn't Want To Debate Again'
Benzinga
0:36
Walmart's Q4 Report Shows 23% Sales Increase as Retail Giant Aims to Acquire Vizio
Benzinga
0:37
Meta's AI-powered Ads Outperform Google, Fueling 22% Revenue Growth in Q2
Benzinga
2:18
Should you buy Amazon stock? 3-minute analysis
Bullish Studio
2:48
Should you buy Alphabet stock? May 2023
Bullish Studio
0:33
Facebook Ad Revenue Will Go Up In 2020
Wochit Entertainment
2:53
Alphabet Stock Analysis (August 2023)
Bullish Studio
0:38
Amazon's Prime Day Challenge
Benzinga
1:00
Shopify stock analysis #shorts
Bullish Studio
5:05
Amazon Stock Could Rise 38% As Andy Jassy Aims To Boost Profit - 1BREAKINGNEWS.COM
1BN-RADIO
2:40
Should you buy Zoom stock? (July 2023)
Bullish Studio
0:45
Microsoft Q4 Earnings Highlights: Revenue Beat, EPS Beat, Cloud Revenue Up YoY, 'Ensuring We Lead The AI Era'
Benzinga
0:37
Meta Quest and New PC Chips Help Propel Qualcomm's Q3 Revenue, as Net Income Exceeds $2B
Benzinga
0:43
Amazon's Market Cap Soars to $2 Trillion, Fueled by AI Investments and Stock Surge
Benzinga
0:36
Microsoft Q3 results exceed analyst expectations, driving share price up 5%
Benzinga
0:39
Oracle Surpasses Expectations, Announces New Partnership Deals with Google and OpenAI
Benzinga
0:36
E.l.f. Beauty Smashes Sales Expectations with 50% Jump in Q1 Earnings. CEO Tarang Amin Touts Resilient Business Model
Benzinga
0:36
American Eagle's First-Quarter Net Income Quadruples, but Revenue Growth Falls Short of Expectations
Benzinga
0:42
Amazon Web Services Slashes Hundreds of Jobs in Store Technology and Sales Divisions
Benzinga
0:40
Yum Brands' Q4 Same-Store Sales Growth Misses Expectations for KFC, Pizza Hut, and Taco Bell
Benzinga
0:42
Google's Parent Company, Alphabet, Reports Mixed Q2 Results with YouTube Ad Revenue Falling Short
Benzinga