{"id":37913,"date":"2023-05-01T11:01:00","date_gmt":"2023-05-01T15:01:00","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=37913"},"modified":"2023-05-02T10:08:32","modified_gmt":"2023-05-02T14:08:32","slug":"amazons-ad-revenue-outpaces-aws","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/amazons-ad-revenue-outpaces-aws\/","title":{"rendered":"Amazon&#8217;s ad revenue outpaces AWS"},"content":{"rendered":"<p data-ar-index=\"1\">Amazon&#8217;s advertising business is expanding faster than its main revenue generator, Amazon Web Services (AWS), marking yet another watershed event in the company&#8217;s history.<\/p>\n<p data-ar-index=\"2\">Amazon&#8217;s advertising products sales climbed 21% year on year to $9.5 billion in the first quarter of 2023, while AWS revenue increased 16% year on year to $21.4 billion. In constant currency terms, Amazon&#8217;s online sales climbed by 3% to $51.1 billion.<\/p>\n<p data-ar-index=\"3\">According to Amazon CEO Andy Jassy, despite economic uncertainties, people continue to spend, generating a vast audience for businesses to reach through Amazon&#8217;s e-commerce platform. However, enterprises continue to be hesitant to spend, and customers want to save money, contributing to the slower growth of AWS revenue.<\/p>\n<p data-ar-index=\"4\">Amazon&#8217;s shares initially rose by nearly 11% after the release of its first-quarter revenue results but turned around after the company released a lower-than-expected outlook for the second quarter.<\/p>\n<p data-ar-index=\"5\">The sources for this piece include an article in <a href=\"https:\/\/www.axios.com\/2023\/04\/28\/amazon-earnings-aws-retail-ads\" target=\"_blank\" rel=\"noopener\">Axios<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon&#8217;s advertising business is expanding faster than its main revenue generator, Amazon Web Services (AWS), marking yet another watershed event in the company&#8217;s history. Amazon&#8217;s advertising products sales climbed 21% year on year to $9.5 billion in the first quarter of 2023, while AWS revenue increased 16% year on year to $21.4 billion. In constant [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[212],"class_list":["post-37913","post","type-post","status-publish","format-standard","hentry","category-companies","tag-amazon"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/37913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=37913"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/37913\/revisions"}],"predecessor-version":[{"id":37915,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/37913\/revisions\/37915"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=37913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=37913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=37913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}