Amazon’s advertising revenue tops $12 billion in the third quarter
Publishing timestamp: 2023-10-26 20:08:26
Summary
Amazon's online advertising business is booming, but investor concerns about the Israel-Hamas war impacting the global economy persist. Meta reported strong earnings but widened fourth-quarter guidance due to Middle East crisis. Amazon's ad revenue jumped 26% in the third quarter, while Meta is investing in AI to improve its online advertising platform. Alphabet's Google ad revenue also increased, but Snap did not give formal guidance due to war unpredictability.
Sentiment: MIXED
Tickers: AMZN, GOOG, META, SNAP,
Keywords: earnings, mobile, snap inc, meta platforms inc, alphabet class c, social media, technology, amazon.com inc, alphabet inc, business news, internet, breaking news: technology,
Source: https://www.cnbc.com/2023/10/26/amazon-advertising-revenue-tops-12-billion-in-the-third-quarter.html