Amazon’s advertising business grew 19%, while Google and Meta both deal with slowdowns

In this article The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images Amazon’s advertising business continues to grow despite a general slowdown in digital advertising, which has hurt companies like Google parent Alphabet, Facebook parent Meta and Snap. The online retail giant’s advertising services unit brought in $11.6 billion in sales for the fourth quarter, representing a 19% year-over-year increase, according to its earnings report Thursday . related investing news Jim Cramer’s Investing Club meeting Thursday: Meta, Eli Lilly, Estee Lauder Krystal Hur 6 hours ago Pro Picks: Watch all of Wednesday’s big stock calls on CNBC Joshua Natoli a day ago Most analysts are sticking with AMD even after ‘partly cloudy’ fourth-quarter earnings Hakyung Kim a day ago Although Amazon’s advertising unit still constitutes a small fraction of the $149.2 billion in revenue the company recorded in its fourth quarter, it represents a fast-growing area that analysts believe could be a crucial player in the digital advertising market. Indeed, while […]

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