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Amazon Ad Revenue Growth Slows in Q3, Ecommerce Giant Undershoots Earnings Estimates

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Summary

Amazon saw slowed growth in its advertising revenue in the year’s third quarter, claiming its decision to host Prime Day for most larger countries in the year’s second quarter and a shift in foreign exchange rates contributed to a softer earnings report than Wall Street analysts expected. Amazon reported $201.9 billion in net sales and

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  1. Variety Leans left Factuality: High US
    Amazon Ad Revenue Growth Slows in Q3, Ecommerce Giant Undershoots Earnings Estimates

    Amazon saw slowed growth in its advertising revenue in the year’s third quarter, claiming its decision to host Prime Day for most larger countries in the year’s second quarter and a shift in foreign exchange rates contributed to a softer earnings report than Wall Street...

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