Amazon lifted advertising services revenue 25% to $US9.548 billion in the September quarter compared to the same three months last year.
The online retail giant’s total net sales grew 15% to $US127.1 billion.
For the December quarter, Amazon expects net sales to be between $140 billion and $148 billion, or to grow between 2% and 8%.
The online retailer early this year revealed for the first time the extent of its advertising sales.Its advertising business grew 32% in 2021 to $31 billion.
In the June quarter, Amazon reported advertising revenue up 18% to $US8.757 billion.
Andy Jassy, Amazon CEO. “There is obviously a lot happening in the macroeconomic environment, and we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets.
“What won’t change is our maniacal focus on the customer experience, and we feel confident that we’re ready to deliver a great experience for customers this holiday shopping season.”
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