Amazon Prime Video Advertising Revenue Soars in Q3 Earnings

  • 📰 THR
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The tech giant's ad revenues were up by 26% to $12B, and it reported $143B in total sales in the quarter, smashing Wall Street expectations.

Amazon smashed Wall Street expectations in its Q3 earnings report, delivering $143.1 billion in total revenue, and net income of $9.9 billion.

But of particular note to the entertainment industry, Amazon says that its advertising business continues to be a major revenue driver, topping $12 billion in the quarter, up 26% from a year ago.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 411. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines