Amazon's advertising business grew 19% in the third quarter

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Amazon’s online advertising business jumped 19% year-over-year to $14.3 billion in the third-quarter.

Amazon's online advertising business jumped 19% year-over-year to $14.3 billion in the third-quarter.Amazon's online advertising business is still a fraction of the company's overall business, but it's growing size over the years has made it a major competitor to Alphabet and Meta, which lead the digital advertising market.online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts' estimates of $14.3 billion.

7% of the worldwide digital advertising market, followed by Meta at 22.8% and Amazon with 8.8%, according to data provided to CNBC by Emarketer.advertising revenue came in at $39.9 billion, which was up 19% compared to the year prior. That was slightly ahead of analysts' expectations of $39.49 billion, according to StreetAccount. Ads accounted for 98.3% of Meta's overall third-quarter revenue.Tuesday. That was up 10% from $59.65 billion the year prior.

 

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