Far from wilting, Amazon’s business has sprouted large green italy phone number online shoots over the past year . The strength of electronic commerce, spurred to infinity and beyond by the pandemic, has filled the coffers of the company led by Jeff Bezos to the flag over the last twelve months. But it’s not just e-commerce and Amazon’s burgeoning italy phone number online cloud storage division pouring money into the company’s bulging piggy bank, whose advertising business is booming and growing at a 50% rate. Advertising could bring the tech titan this year a whopping $ 21 billion (€ 17 billion), italy phone number online according to a FactSet estimate echoed by the Financial Times .
During the third quarter of 2020 alone, Amazon made nearly $ 5.4 billion (€ 4.4 billion) thanks to itsitaly phone number online advertising subsidiary . This is a 51% higher figure than during the same period of the previous year. Additionally, the quarterly growth rate of Jeff Bezos’ italy phone number online company’s advertising business has exceeded 40% in the last five quarters. Such a meteoric rate of growth is surpassed only by services to external sellers from Amazon. In this sense, Amazon’s advertising business grows faster with the Prime subscription service, Amazon Web Services and even direct electronic italy phone number online sales.
The numbers for Amazon’s ad division still pale in italy phone number online comparison to those of Facebook and Google , but they are getting dangerously closer. Amazon could add generous bites to Facebook and Google’s succulent ad pie ” I think it is not sale leads recognized enough how big the italy phone number online advertising business that Amazon is creating (…) We expect Google to maintain solid growth in 2020 and 2021, but Amazon is eating part of that growth,” he explains in statements to italy phone number online Financial
