Amazon's online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts' estimates of $14.3 billion.
The Seattle tech giant revealed the financial results of its growing advertising unit as part of its latest earnings report Thursday.
Amazon's overall third-quarter sales were $158.9 billion, ahead of analysts' estimates of $157.2 billion.
Amazon's online advertising business is still a fraction of the company's overall business, but its growth over the years has made it a major competitor to Alphabet and Meta , which lead the digital advertising market.
Meta's third-quarter advertising revenue came in at $39.9 billion, which was up 19% compared with the year prior.
Persons:
Amazon's
Organizations:
Google, Meta, CNBC, Emarketer, YouTube
Locations:
Seattle