Amazon exceeded Wall Street's profit projections in its latest quarterly earnings report, fueled by an 18% year-over-year surge in advertising revenue to $17.3 billion. The growth was attributed to a robust holiday season for retail, the success of AI products at AWS, and strong performance at Prime Video. Amazon CEO Andy Jassy highlighted the company's advertising accomplishments during a call with analysts, emphasizing the progress of Prime Video Ads and the comprehensive advertising solutions offered across various stages of the customer journey.
beat Wall Street expectations in its latest quarterly earnings report, with its advertising business surging by 18 percent year over year to $17.3 billion.The growth was driven by a strong holiday quarter for retail, AI products at AWS , and string performance at Prime Video , where TIn a call with Wall Street analysts Thursday afternoon, Amazon CEO Andy Jassy expanded on the company’s advertising experience over the past year.
“On the streaming video side, we wrapped up our first year of Prime Video Ads. We’re quite pleased with the early progress, and head into this year with momentum,” he said.
Prime Video, of course, turned on ads for all its customers a year ago, giving users the option to pay $3 more per month to opt out.The 75+ Best Valentine’s Day Gifts for Every Type of Woman, From Chic ‘Wicked’ Fans and Busy Bookworms to Bag CollectorsFresh Off Luka Doncic’s Trade to the Lakers, Nike’s Jordan Brand Luka 3 Signature Sneakers Are On Sale. We use vendors that may also process your information to help provide our services.
Technology Amazon Earnings Advertising Prime Video AWS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prime Video's 'Prime Vision' Uses AI to Transform NFL BroadcastingPrime Video's 'Prime Vision with Next Gen Stats' uses AI to enhance NFL broadcasts, providing viewers with deeper insights into the game. The innovative technology features defensive alerts, prime targets, and pressure alerts, giving fans a more comprehensive understanding of play-calling and strategies.
Read more »
Prime Video's 'Prime Vision' Uses AI to Change How Football Fans Watch the GamePrime Video's 'Prime Vision with Next Gen Stats' alternate broadcast, entering its third season, continues to use Artificial Intelligence (AI) to enhance fan understanding of NFL games. The broadcast features tools like Defensive Alerts, Prime Targets, and pressure alerts, all powered by machine learning and data from the NFL's Next Gen Stats.
Read more »
3 Rom-coms to Watch on Amazon Prime Video in January 2025This article recommends three rom-coms available on Amazon Prime Video to watch in January 2025.
Read more »
3 Sci-Fi Movies You Need To Watch On Amazon Prime Video In January 2025Discover three sci-fi movies on Amazon Prime Video that you might have missed, perfect for your next movie night. From a post-apocalyptic epic to a comedic space adventure, there's something for every sci-fi fan.
Read more »
3 underrated Amazon Prime Video movies you should watch this weekend (January 10-12)DT Video
Read more »
3 action movies on Amazon Prime Video you need to watch in January 2025DT Video
Read more »