Amazon Promotion Sales Altitude $2 Billion, Its Fastest-Growing Segment (Amzn)

This is becoming a prissy niggling job organization inward its ain right.
From AdAge:

Amazon's advertising job organization continued its rise final quarter, hitting $2.2 billion inward revenue, a growth charge per unit of measurement outpacing fifty-fifty optimistic forecasts for the company.

On Thursday, Amazon reported second-quarter results in addition to advertising was i time again the brightest topographic point for the e-retailer, growing at 132 percent, its fastest-growing segment past times far. Amazon's amount sales striking $52.9 billion, an growth of 39 per centum twelvemonth over year.

Meanwhile, profits were $2.5 billion, which was upwardly from $200 i 1000 1000 at the same fourth dimension a twelvemonth ago. Advertising is helping Amazon striking the novel levels of profitability.

In the kickoff quarter, Amazon promotion sales topped $2 billion for the kickoff time. In the minute quarter 2017, promotion sales were $945 million.

According to eMarketer's latest forecast, Amazon was expected to entirely create $3.8 billion inward digital promotion sales this year. However, the earnings study suggests Amazon is on measuring to create betwixt $4 billion in addition to $5 billion inward promotion sales for the amount year, overshooting fifty-fifty that rosy projection.

Brian Olsavsky, Amazon's main fiscal officer, expanded on the company's advertising fortunes during a conference telephone holler upwardly alongside analysts....MUCH MORE

The stock is changing hands at $1,820.09 upwardly 12.09 (+0.67%).
Previously:
July 16 
"Jeff Bezos in addition to Amazon bring the advertising manufacture looking over its shoulder" (AMZN)
January 2018 
Platforms: Amazon Could Make Billions From the Ad Business (AMZN)
April 2017
Media: Google in addition to Facebook's ‘Digital Duopoly’ in addition to What Role Advertising Plays inward All of It (plus Jeff Bezos in addition to Izabella Kaminska destination by) GOOG; FB; AMZN
November 2016 
Google, Facebook And a Deep Dive Into The Future of the Future (GOOG; FB)
October 2012 
Amazon’s Next Big Business Is Selling You (and your data) AMZN

And many more.