Amazon’s ad services revenue rises 27%, bringing in more than $14 billion in Q4

Amazon’s ad services revenue rises 27%, bringing in more than $14 billion in Q4

Amazon generated $14.65 billion from its advertising services in the final quarter of 2023. The figure marks a 26.8% increase from the same period in 2022 – a result better than forecasts predicted by Wall Street. Why we care. Amazon’s outstanding performance helps to cement the digital advertising industry’s recovery from a challenging start to 2023. … Read more

Google search revenue rises to $48 billion, total ad revenue up 11%

Google search revenue rises to $48 billion, total ad revenue up 11%

Alphabet Inc., Google’s parent company, reported record-breaking advertising revenue of $65.52 billion in the fourth quarter of 2023, year on year. A 12.7% gain in search revenue was accompanied by a strong increase in revenue for YouTube ads by 15.5%. Google’s advertising network was slightly down 2.1%, however, this was an improvement on the 2.6% … Read more

Amazon’s ad services revenue rises 26%, bringing in more than $12 billion in Q3

Amazon’s ad services revenue rises 26%, bringing in more than $12 billion in Q3

Amazon generated $12.06 billion from its advertising services in the third quarter of 2023. The figure marks a 26.3% increase from the same period in 2022 – a result significantly better than forecasts predicted by Wall Street. Why we care. Amazon’s exceptional performance serves as a powerful signal that the digital advertising industry is experiencing a … Read more

Meta ad revenue fuels blowout Q3, $11.6 billion in profits

Meta ad revenue fuels blowout Q3, $11.6 billion in profits

Meta’s third-quarter revenue jumped 23% to $34.15 billion, the latest indicator of a rebound in digital advertising. Meta, the parent company of Instagram, WhatsApp, Threads and Messenger, reported that: Ads viewed in the quarter increased by 31% from a year earlier. Average price per ad decreased by 6%, the smallest decline in seven quarters. The … Read more

Apple has 19 billion reasons not to build a Google Search rival

Apple has 19 billion reasons not to build a Google Search rival

Apple is not planning to create its own search engine to rival Google. Eddy Cue, Apple’s Senior Vice President of Services, is expected to testify at the federal antitrust trial that there are no plans for an “Apple Search” model because its partnership with Google works better for its customers, reports Bloomberg. Cue notably helped … Read more

CTV ad spend hits record-breaking $1 billion in June

CTV ad spend hits record-breaking $1 billion in June

Connected TV advertising broke records after ad spend reached $1 billion in June, according to a report by ad-research company Vivvix (formerly known as Kantar). The research investigated how ad dollars are spent across a growing list of streaming platforms, such as Discovery+, Max (formerly HBOMax), Roku, and YouTube. Growth categories included household supplies and … Read more

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