Amazon could see more consumer packaged goods companies buy ads on its site as sales of food, beverages, and everyday consumables continue to grow during COVID-19.
As a result, Jefferies is raising its estimates for Amazon's advertising revenue by 2% to $23.5 billion in 2021 and $49 billion in 2025.Amazon's advertising business stands to gain potentially tens of billions of dollars in additional revenue because of its booming grocery and household sales amid COVID-19.
As more brands that sell food, drinks, and daily consumables see Amazon as a viable sales channel, in part because of the lockdown-driven demand increase, they'll start buying more ads on the online retailer, boosting the company's overall advertising revenue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Insider's top advertising and media stories for September 10 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Several states are already exhausting funds for Trump's $300 unemployment benefits - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy, 16 cheap tech names poised for growth: Stifel - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Zscaler blasts past 4th quarter expectations, predicts more growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Slack shares sink after earnings don't show skyrocketing growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. its time they sue microsoft for antitrust if epic can sue apple.... SlackHQ slack must sue microsoft stewart
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lululemon sales soar thanks to at-home fitness boom during pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. We’re about to see a huge shift in the fitness industry as a whole- training at home is about to be more accessible than ever. What a beautiful thing congrats
Source: BusinessInsider - 🏆 729. / 51 Read more »