Amazon hq2 articles
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Amazon North American Sales Soar in Q1
Although it was closely watched for the manner in which it handled its artificial intelligence (AI) investments, Amazon dropped a stunner of a Q1 earnings report Tuesday (April 30), driven by a big spike in its North American operations. Its overall, global operating income grew from $4.8 billion in Q1 2023 to $15.3 billion in 2024. […]
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Amazon advertising soars 24% in Q1 2024
Amazon today reported a strong first quarter of 2024, with its advertising business demonstrating impressive growth. Advertising revenue jumped 24% year-over-year to $11.82 billion.
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Amazon’s Ad Business Continues to Boom
Amazon's ad unit keeps surging. That business grew to $11.8 billion, representing 8% of its total revenue. Amazon reported net sales of $143.3 billion during the first quarter of 2024, up 13% compared to the same three-month period last year. Year over year, Amazon's ad segment increased 24%, outpacing Google, but falling behind Meta for the first time in several quarters. “It was a good start to the year across the business, and you can see that in both our customer experience...