Earnings this week show Snap, Amazon and Twitter are cutting into the Google-Facebook ad duopoly

Amazon doesn't break out advertising, but it's the biggest part of the company's "Other" category, which grew 37% to $3 billion.better-than-expected results, with advertising revenue jumping 21% from a year earlier, thanks to 29% growth in the U.S. The stock jumped almost 9% on the report.

While Facebook and Alphabet also exceeded estimates — and Alphabet shares soared on its report — advertisers are clearly seeing opportunities on other platforms to reach different sets of eyeballs. Whatever pressure Facebook and Google are facing from lawmakers and regulators has yet to make its way into their top-line numbers, but potential limits on their growth could give competitors another edge from here.

"The popularity of these Lenses drew millions of people into our rebuilt Android application, where they experienced the new and improved Snapchat that led to increased engagement," CEO Evan Spiegel said in his prepared remarks to investors. "The enhancements we have made to our advertising business and self-serve platform meant that we were better able to monetize this increased engagement, leading to accelerating revenue growth.

Amazon has built its lucrative ad business primarily by charging brands to promote their products in various ways on the shopping site and app and in streaming videos. On the earnings call, CFO Brian Olsavsky said the company is "adding more and more advertising as we roll out devices and Prime Video — new Prime Video content in particular internationally."

That guy from Shameless bought Just for Men and colored his beard‼️

Twitter, STOP RECORDING things that users DELETE as they TYPE their message. That’s not how you collect information for the so called PHONY INTELLIGENCE. Go do some hard WORK like information digging to gather REAL INTELLIGENCE. This how AI system ALGORITHMS are made by COPYING

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 6 biggest bombshells and takeaways from tech's wild week of earnings, from Amazon to SnapchatFrom Facebook and Google to Snapchat and Amazon, the big takeaways from Q2 earnings season were not about profits and revenues. Kaya Pachik ganis
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon earnings were a letdown, but Wall Street analysts are still telling clients to buyWall Street analysts urge clients to buy Amazon on any weakness despite the company's disappointing second-quarter earnings report. That's because they all own it. One word,'Commission'! It should be neutral to sell. They forecast down. Same with Ba.
Source: CNBC - 🏆 12. / 72 Read more »

Watch two analysts break down Amazon and Alphabet earnings numbersCharlie O'Shea, retail analyst at Moody's, and Mark Mahaney, lead tech analyst for RBC Capital Markets, join 'Squawk Box' to discuss Amazon and Alphabet earnings reports. SquawkCNBC they better start paying taxes !
Source: CNBC - 🏆 12. / 72 Read more »

Amazon Delivers Softer-Than-Expected Earnings; Stock Falls After HoursAmazon reported second-quarter results that were a bit softer than Wall Street had expected, sending shares down more than 2% in after-hours trading. The company said earnings came to $5.22 a share…
Source: DEADLINE - 🏆 109. / 63 Read more »

Mystery trader bets Amazon could hit a new all-time high after earningsAs Amazon prepares to deliver its earnings report, one trader is betting that shares of the e-commerce giant are primed for new highs, says options expert Michael Khouw. TRUMP is buying amazon? what a stupid article. im sorry but so dumb.
Source: CNBC - 🏆 12. / 72 Read more »