Amazon Beats Expectations in Q4 Earnings, Advertising Revenue Surges to $11.6B

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The company also touted the success of Netflix's 'Wednesday,' which is produced by MGM.

And while advertising has remained a tough business for some other tech players, it is booming at Amazon. The company reported ad revenues of $11.6 billion in Q4, up 23% from a year earlier.

The company also touted a number of its entertainment properties in its lengthy Q4 release, including its big Q4 bets

 

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And still laid off 10,000 workers.

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