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
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:
And still laid off 10,000 workers.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Misses Earnings Expectations, But Sets Revenue Record For Services BusinessApple Services, which encompasses Apple TV+, Apple Music, Apple Arcade and more, came in at $20.8 billion for the three months ended Dec. 31, up from $19.5 billion a year earlier.
Source: THR - 🏆 411. / 53 Read more »
Apple, Amazon and Alphabet earnings are coming. Here's what the stock options market is bracing for.The stock options market has priced "straddles" to imply larger-than-usual post-earnings moves for Apple, Alphabet and Amazon earnings.
Source: MarketWatch - 🏆 3. / 97 Read more »