Oracle Is Shutting Down Its Ad Business
Software giant Oracle shared that it is shutting down its ads business during its earnings call last night for the quarter ending March 31, as revenue declined to $300 million in the 2024 fiscal year.βIn Q4, we decided to exit the advertising business, which had declined to about $300 million in revenue in fiscal year β24,β CEO Safra Catz told analysts, according to an earnings transcript.In August 2022, Business Insider reported that Oracle Advertising made $2 billion in revenue. At the time, r...
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