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Amazon Beats Wall Street Q1 Forecasts As Advertising Growth Continues Apace
Amazon beat Wall Street forecasts for profit and revenue in the first quarter as advertising continued to grow at a healthy clip.
Amazon beat Wall Street forecasts for profit and revenue in the first quarter as advertising continued to grow at a healthy clip. Advertising services, a category that includes Prime Video ads, increased 24% to $11.8 billion. “Our advertising efforts continue to benefit from the growth of our stores and Prime Video businesses,” CEO Andy Jassy said in the earnings release.
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