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2021-07-30

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Amazon Vs. Facebook Vs. Google: How The Tech Giants Fared Against Each Other On Ad-Revenue In Latest Quarter

Amazon.com Inc’s (NASDAQ: AMZN) advertising business grew the most in two-and-a-half years in the second quarter amid stiff competition, outpacing the growth of key tech rivals Alphabet Inc (NASDAQ: GOOGL) (NASDA

Amazon Vs. Facebook Vs. Google: How The Tech Giants Fared Against Each Other On Ad-Revenue In Latest Quarter

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Facebook Vs. Google: How The Tech Giants Fared Against Each Other On Ad-Revenue In Latest Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=2155715865","media":"Benzinga","summary":"Amazon.com Inc’s (NASDAQ: AMZN) advertising business grew the most in two-and-a-half years in the second quarter amid stiff competition, outpacing the growth of key tech rivals Alphabet Inc (NASDAQ: GOOGL) (NASDA","content":"Amazon.com Inc’s (NASDAQ:AMZN) advertising business grew the most in two-and-a-half years in the second quarter amid stiff competition, outpacing the growth of key tech rivals Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG)&nbsp; and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc (NASDAQ:FB).\nWhat Happened: The e-commerce giant's advertising revenue, which is gradually turning out to be a key source of growth for the company as momentum in other businesses slows, grew a whopping 87% year-over-year to $7.9 billion in the quarter ended June 30.\nOn a sequential basis too, Amazon’s growth pace outpaced that of rivals.\nThe Seattle-based tech giant does not break out specific financials for advertising, but its “Other” category “primarily includes sales of advertising services, as well as sales related to our other service offerings,” as per the company’s earnings statements.\nHow Rivals Stack Up? Amazon’s advertising arm is still small when compared with its peers. At the end of the second quarter, Google’s advertising revenue is over six times bigger than Amazon’s, while Facebook's ad revenue is over four times bigger.\nGoogle and Facebook together command over 50% share of the digital advertising market and have in the past few quarters seen a sharp uptick in revenue growth.\n<img src=\"https://static.tigerbbs.com/da1457feca487a406264be373c407efc\" tg-width=\"1190\" tg-height=\"734\" width=\"100%\" height=\"auto\">Image: Amazon, Google, Facebook Ad Revenue Over The Previous 5 Quarters. Google noticeably remains the dominant player in the space.\n<img src=\"https://static.tigerbbs.com/8c2d6888ce6409d627ca36b53d0324d8\" tg-width=\"1190\" tg-height=\"734\" width=\"100%\" height=\"auto\">Image: Amazon's Advertising Revenue Growth Continues To Outpace That Of Rivals\nGoogle’s ad revenue increased 69% to $50.44 billion in the second quarter. A year ago, the company’s revenue from the ad business took a hit from the COVID-19&nbsp;pandemic. Video streaming platform YouTube delivered an 83% jump in revenue to $7 billion during the quarter, matching that of video streaming rival Netflix Inc’s (NASDAQ:NFLX) quarterly revenue.\nFacebook's total advertising revenue rose 56% from a year earlier to $28.58 billion in the second quarter, contributing a lion's share of the company’s total revenue.\nWhy It Matters: Amazon and rivals such as Google and Facebook have seen their advertising business benefiting from stay-at-home consumption since the beginning of the pandemic and the subsequent reopening of the economy.\nAmazon draws ad revenue mostly from charging companies to promote their products on Amazon’s online marketplace as well as streaming platforms. The company said it launched over 40 new advertising features and self-service capabilities in the quarter and expanded the services it offers in Australia, Europe, India, Japan and Saudi Arabia.\nThe Seattle-based tech giant, which booked total sales of $113.1 billion in the second quarter and a profit of $7.8 billion, is expected to account for 10.7% of the U.S. digital ad market in 2021, as per eMarketer's estimates, and the share could grow to 12.8% by 2023.\nPrice Action: Amazon shares closed 0.84% lower at $3,599.92 on Thursday and were down 7.44% in extended hours.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Vs. Facebook Vs. 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Facebook Vs. Google: How The Tech Giants Fared Against Each Other On Ad-Revenue In Latest Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2021-07-30 20:29\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\nAmazon.com Inc’s (NASDAQ:AMZN) advertising business grew the most in two-and-a-half years in the second quarter amid stiff competition, outpacing the growth of key tech rivals Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG)&nbsp; and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc (NASDAQ:FB).\nWhat Happened: The e-commerce giant's advertising revenue, which is gradually turning out to be a key source of growth for the company as momentum in other businesses slows, grew a whopping 87% year-over-year to $7.9 billion in the quarter ended June 30.\nOn a sequential basis too, Amazon’s growth pace outpaced that of rivals.\nThe Seattle-based tech giant does not break out specific financials for advertising, but its “Other” category “primarily includes sales of advertising services, as well as sales related to our other service offerings,” as per the company’s earnings statements.\nHow Rivals Stack Up? Amazon’s advertising arm is still small when compared with its peers. At the end of the second quarter, Google’s advertising revenue is over six times bigger than Amazon’s, while Facebook's ad revenue is over four times bigger.\nGoogle and Facebook together command over 50% share of the digital advertising market and have in the past few quarters seen a sharp uptick in revenue growth.\n<img src=\"https://static.tigerbbs.com/da1457feca487a406264be373c407efc\" tg-width=\"1190\" tg-height=\"734\" width=\"100%\" height=\"auto\">Image: Amazon, Google, Facebook Ad Revenue Over The Previous 5 Quarters. Google noticeably remains the dominant player in the space.\n<img src=\"https://static.tigerbbs.com/8c2d6888ce6409d627ca36b53d0324d8\" tg-width=\"1190\" tg-height=\"734\" width=\"100%\" height=\"auto\">Image: Amazon's Advertising Revenue Growth Continues To Outpace That Of Rivals\nGoogle’s ad revenue increased 69% to $50.44 billion in the second quarter. A year ago, the company’s revenue from the ad business took a hit from the COVID-19&nbsp;pandemic. Video streaming platform YouTube delivered an 83% jump in revenue to $7 billion during the quarter, matching that of video streaming rival Netflix Inc’s (NASDAQ:NFLX) quarterly revenue.\nFacebook's total advertising revenue rose 56% from a year earlier to $28.58 billion in the second quarter, contributing a lion's share of the company’s total revenue.\nWhy It Matters: Amazon and rivals such as Google and Facebook have seen their advertising business benefiting from stay-at-home consumption since the beginning of the pandemic and the subsequent reopening of the economy.\nAmazon draws ad revenue mostly from charging companies to promote their products on Amazon’s online marketplace as well as streaming platforms. The company said it launched over 40 new advertising features and self-service capabilities in the quarter and expanded the services it offers in Australia, Europe, India, Japan and Saudi Arabia.\nThe Seattle-based tech giant, which booked total sales of $113.1 billion in the second quarter and a profit of $7.8 billion, is expected to account for 10.7% of the U.S. digital ad market in 2021, as per eMarketer's estimates, and the share could grow to 12.8% by 2023.\nPrice Action: Amazon shares closed 0.84% lower at $3,599.92 on Thursday and were down 7.44% in extended hours.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155715865","content_text":"Amazon.com Inc’s (NASDAQ:AMZN) advertising business grew the most in two-and-a-half years in the second quarter amid stiff competition, outpacing the growth of key tech rivals Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG)  and Facebook Inc (NASDAQ:FB).\nWhat Happened: The e-commerce giant's advertising revenue, which is gradually turning out to be a key source of growth for the company as momentum in other businesses slows, grew a whopping 87% year-over-year to $7.9 billion in the quarter ended June 30.\nOn a sequential basis too, Amazon’s growth pace outpaced that of rivals.\nThe Seattle-based tech giant does not break out specific financials for advertising, but its “Other” category “primarily includes sales of advertising services, as well as sales related to our other service offerings,” as per the company’s earnings statements.\nHow Rivals Stack Up? Amazon’s advertising arm is still small when compared with its peers. At the end of the second quarter, Google’s advertising revenue is over six times bigger than Amazon’s, while Facebook's ad revenue is over four times bigger.\nGoogle and Facebook together command over 50% share of the digital advertising market and have in the past few quarters seen a sharp uptick in revenue growth.\nImage: Amazon, Google, Facebook Ad Revenue Over The Previous 5 Quarters. Google noticeably remains the dominant player in the space.\nImage: Amazon's Advertising Revenue Growth Continues To Outpace That Of Rivals\nGoogle’s ad revenue increased 69% to $50.44 billion in the second quarter. A year ago, the company’s revenue from the ad business took a hit from the COVID-19 pandemic. Video streaming platform YouTube delivered an 83% jump in revenue to $7 billion during the quarter, matching that of video streaming rival Netflix Inc’s (NASDAQ:NFLX) quarterly revenue.\nFacebook's total advertising revenue rose 56% from a year earlier to $28.58 billion in the second quarter, contributing a lion's share of the company’s total revenue.\nWhy It Matters: Amazon and rivals such as Google and Facebook have seen their advertising business benefiting from stay-at-home consumption since the beginning of the pandemic and the subsequent reopening of the economy.\nAmazon draws ad revenue mostly from charging companies to promote their products on Amazon’s online marketplace as well as streaming platforms. The company said it launched over 40 new advertising features and self-service capabilities in the quarter and expanded the services it offers in Australia, Europe, India, Japan and Saudi Arabia.\nThe Seattle-based tech giant, which booked total sales of $113.1 billion in the second quarter and a profit of $7.8 billion, is expected to account for 10.7% of the U.S. digital ad market in 2021, as per eMarketer's estimates, and the share could grow to 12.8% by 2023.\nPrice Action: Amazon shares closed 0.84% lower at $3,599.92 on Thursday and were down 7.44% in extended hours.","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GOOGL","GOOG"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Amazon Vs. Facebook Vs. Google: How The Tech Giants Fared Against Each Other On Ad-Revenue In Latest Quarter

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