Big Tech’s Big Thursday: Q3 Earnings Highlights and Lowlights

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All of big tech just reported their calendar year Q3 earnings, but only one tech giant posted a noticeable gain during after-hours trading. You’ll see why when you click through and get a gla…

It was another huge quarter for Amazon. The e-commerce giant’s net sales in Q3 rose 37% from last year and operating income increased to $6.3 billion. Net sales of Amazon’s “other” segment, which primarily includes sales of advertising services, jumped 49% year-over-year. Advertising may still be a small part of Amazon’s overall business but is increasingly becoming an important one. Shares of Amazon fell about 2% in after-hours trading Thursday following a 74% run so far this year.

The company highlighted several of its recent originals like the “Borat” sequel and “The Boys,” but in typical Amazon/SVOD fashion didn’t disclose viewership figures for them in its earnings report. It did, however, recentlyFacebook Fails to Impress Investors Despite Ad Rev Jump

 

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