Amazon's ad sales are still growing, but much slower than before.
div > div.group > p:first-child"> The growth of Amazon's"Other" segment, which consists primarily of advertising sales, slowed dramatically to 36% in the first quarter from the previous year, at $2.72 billion. That's a big slowdown from 97% year-over-year growth last quarter, and over 100% growth for three consecutive quarters before that.
Amazon's fast-growing advertising business has been a bright spot for the company amid slowing growth in its core e-commerce business. According to figures from eMarketer, Amazon has become the number three digital advertiser in the U.S, behind only Alphabet's Google and Facebook. CNBC previously reported that some consumer packaged goods advertisers were moving as much as half of their search ad budget from Google to Amazon, where an advertisement can be converted into an immediate sale on the site.
As of February, Amazon was expected to take over 8.8% of net digital ad revenue share in the U.S. It still trails behind Google, which is expected to have 37.2% share this year, and Facebook, with an expected 22.1%, according to eMarketer.Most prominently, Democratic candidate Sen. Elizabeth Warren in March unveiled a plan to break up Amazon and other tech giants, saying they have"too much power over our economy, our society, and our democracy.
The company revealed the numbers as it reported better-than-expected earnings Thursday. The stock barely moved after hours, as revenue was mostly in line with expectations and operating profit guidance for the second quarter was light.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
LIVE: Chipotle is about to release Q1 earnings (CMG) | Markets Insider
Leer más »
LIVE: Snap stock jumps after beating expectations on revenueSnapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
Leer más »
LIVE: Snap beat Wall Street's expectations for Q1 2019, and its stock is soaringSnapchat parent company Snap announced its Q1 2019 earnings after markets closed on Tuesday.
Leer más »
LIVE: Here comes Snap's Q1 2019 earnings...Snapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
Leer más »
Barclays first-quarter net profit beats expectations amid tough market conditionsBarclays reported stronger-than-anticipated net profit for the first-quarter of 2019, amid challenging market conditions and lingering concerns over Brexit.
Leer más »
UBS profits drop 27% in first quarter on 'challenging market conditions'UBS reported a 27% fall in net profit for its first quarter, compared to the same period the year before, with the Swiss bank citing challenging market conditions.
Leer más »
Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 businessBoeing Co.'s commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes...
Leer más »
Traders are stocking up on Tesla 'crash protection' ahead of the electric-car maker's Q1 resultsInvestors are mounting bearish bets ahead of Tesla's first-quarter earnings this Wednesday.
Leer más »
The stock market’s progress to a fresh record hinges on a key gauge of economic growthWall Street is set to get its first read of 2019 economic growth as investors adopt a rosier economic outlook, following talk of a recession only a few weeks...
Leer más »
LIVE: Here comes Facebook's Q1 earningsFacebook has been beset by scandals for years — but that hasn't halted its explosive profits.
Leer más »
LIVE: Tesla is about to release Q1 earningsTesla is scheduled to report first-quarter earnings results after the market's close on Wednesday.
Leer más »