Omar Oakes
Apr 29, 2019

Amazon ad revenue slows to (only) 34% growth

Slowdown in retail giant's 'other' services is greater than expected.

Amazon’s ad revenue growth slowed sharply in the first three months of this year.

In its first-quarter earnings report, the online retail giant posted 34% year-on-year growth in other business activities to $2.72 billion. 

This number consists almost entirely of advertising sales. Last year, Amazon enjoyed a year-on-year doubling of ad revenue, which surpassed $10 billion for the first time in 2018.

The slowdown in...

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