in Ads, Internet

Amazon’s ad revenue is now twice as big as Snap, Twitter, Roku and Pinterest combined




Amazon’s “Other” unit, which is primarily made up of advertising but also includes sales related to other service offerings, grew revenue a whopping 77% year-over-year to more than $6.9 billion in the first quarter, the company reported last month. “Performance ads on the ecommerce sites fueled by Amazon’s high-intent traffic and unparalleled user insights are providing significant value for sellers and brands,” Loop Capital analysts wrote in the Monday note.

Amazon said early this month its ad-supported streaming video content now reaches more than 120 monthly users every month, driven by platforms like Twitch. Amazon generated $22.4 billion in ad revenue in the past 12 months, up 65% year-over-year, according to Loop. That was 2.4 times the $9.3 combined revenue total of middle-cap ad platforms Snap, Twitter, Roku and Pinterest, which grew by 38% over that same timeframe.

More @ CNBC.com



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