Amazon's advertising business grew 19% in the third quarter [CNBC]
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Source: CNBC
Amazon's online advertising business is still a fraction of the company's overall business, but it's growing size over the years has made it a major competitor to Alphabet and Meta, which lead the digital advertising market. Amazon's online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts' estimates of $14.3 billion. The Seattle tech giant revealed the financial results of its growing advertising unit as part of its latest earnings report on Thursday. Amazon's overall third-quarter sales were $158.9 billion, ahead of analysts' estimates of $157.2 billion. Amazon's online advertising business is still a fraction of the company's overall business, but it's growing size over the years has made it a major competitor to Alphabet and Meta , which lead the digital advertising market. Alphabet's Google currently represents 27.7% of the worldwide digital advertising market, followed by Meta at 22.8% and Amazon with 8.8%, ac
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