In the first quarter, the e-commerce giant recorded more than $US2 billion in “other” revenue, which largely consists of ad sales, the company announced Thursday. That amount was up a whopping 139% from the same period a year earlier. The result marked the fourth straight quarter that Amazon’s ad-related revenues have grown on a sequential basis from the immediately prior quarter.
Better yet for the company, advertising sales were a “strong contributor” to Amazon much bigger-than-expected profit in the first quarter, said Brian Olsofsky, Amazon’s chief financial officer, on a conference call with investors on Thursday.
“I would say advertising continues to be a bright spot,” Olsofsky said.
To read more about Amazon’s growing advertising business, click here.
In other news:
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