Amazon Breaks Out Advertising Revenue for the First Time
You might be surprised to find out that e-commerce giant Amazon (NASDAQ: AMZN) is also a significant player in the advertising market. The business is becoming so large for Amazon that it broke out ad revenue as a separate segment when it reported fourth-quarter results.
Since the pandemic onset, the company regularly boasts quarterly sales of over $100 billion. It's no surprise that marketers are willing to pay for the opportunity to persuade shoppers on Amazon.
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Source Fool.com
