BUSINESS

Amazon Still Dances With The Stars

If you think business is not booming, then ask Amazon.

The American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence continues to perform beyond expectations.

The company has recently become a powerful player in the online advertising space, and its number doesn’t lie.

Amazon notched up $31.2 billion in ad revenues last year, representing 32% growth from 2020. According to press reports, that eclipses yearly ad sales across the entire global newspaper industry.

Amazon’s results revealed $9.7 billion in ad sales in the fourth quarter alone, a 33% rise from a year earlier.

Today, the group has an ad business bigger than YouTube, owned by Google parent Alphabet (GOOGL).

Readers Bureau

Edited by Jesus Chan

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