Amazon’s online advertising revenue rose 19% in the first quarter, surpassing analyst expectations, according to CNBC. Ad sales reached $13.92 billion in the first quarter, topping the $13.74 billion average estimate from analysts, according to StreetAccount. Amazon’s online ad business, though a small part of total sales, has become the world’s third-largest digital advertising platform after Alphabet and Meta. Investors are closely watching online advertising amid economic uncertainty and rising U.S.-China trade tensions. Trump’s China tariffs are expected to impact Amazon’s retail operations and its ad business.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Amazon's online advertising revenue rose 19% in the first quarter,
00:06surpassing analysts' expectations, according to CNBC.
00:09Ad sales reached $13.92 billion in the first quarter,
00:12topping the $13.74 billion average estimate for analysts, according to Street Account.
00:17Amazon's online ad business, though a small part of total sales,
00:21has become the world's third largest digital advertising platform after Alphabet and Beta.
00:25Vestors are closely watching online advertising amid economic uncertainty
00:29and rising U.S.-China trade tensions.
00:32Trump's China tariffs are expected to impact Amazon's retail operations
00:35and may also affect its ad business.
00:37For all things money, visit Benzinga.com slash GSTV.