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
🗞
NewsTranscript
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.