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Amazon Q3 Earnings Beat Estimates, Ad Sales Rise 19%

Amazon reported its third-quarter 2024 earnings, revealing ad sales rose 19% year over year amid the company’s push to insert ads into Prime Video. Analysts had expected $14.25 billion in ad revenue and the e-commerce giant reported $14.3 billion. Per Amazon, that includes sales of advertising services to sellers, vendors, publishers, authors and others, through programs such as sponsored ads, display and video ads. The company also reported its subscription services revenue was up 11% in Q3, wh...

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