Amazon’s latest quarterly earnings report revealed its advertising business surging by 18 per cent year over year to $17.3 billion (€16.8bn). Overall Amazon net sales was $187.8 billion in the quarter, with net income of $20 billion.

There was a strong performance at Prime Video, where Thursday Night Football averaged 13.7 million viewers. CEO Andy Jassy expanded on the company’s advertising position over the past year.

“On the streaming video side, we wrapped up our first year of Prime Video Ads. We’re quite pleased with the early progress, and head into this year with momentum,” he said. “We’ve made it easier to do full funnel advertising with us, full funnels from the top of the funnel with broad reach advertising that drives brand awareness to mid funnel responsive ads that let companies specify certain keywords and audiences to attract people to their detailed pages or brand store on Amazon, to bottom of the funnel, where sponsored products help advertisers serve as relevant product ads to customers at the point of purchase.”

Prime Video turned on ads for all its customers a year ago, giving users the option to pay $3 more per month to opt out.

Other posts by :

1. Starlink success in Spain, but South Africa proves difficult
2. RocketLab doubts over Mynaric bid
3. IRIS2 free for government usage?
4. Bank: AST SpaceMobile will orbit 356 satellites by 2030
5. SpaceX launches 600th rocket
6. Starlink: 10m customers and counting
7. SES predicts end of ‘big’ Geo satellites
8. Amazon Leo gets approval for 4,504 extra satellites
9. SpaceX gets a portion of India

Categories: Advertising, Articles, Business, Results

Tags: advertising, Amazon, Prime Video