Business
Amazon and Reddit report successful Q1 earnings, and more
Ad revenue continues to climb across platforms. Over at Amazon, Q1 brought in just under $14B in online ad sales, a 19% year-on-year (YoY) increase that beat projections. It’s now the third-biggest platform in the global digital ad market behind Alphabet and Meta. Quite an accomplishment. Of course, it’s worth noting that US tariffs are…
Amazon and Roku post strong Q3 earnings, while eBay’s forecast dampens the party
One thing we’ll say about Amazon… It delivers: Amazon Ads saw a 19% jump in revenue, hitting $14.3B in Q3 alone, while overall revenues beat expectations, reaching $158.9B. And according to executives, Amazon’s AI business will likely make as much as $105B this year. Good signs for advertisers—clearly their efforts are paying off, and consumers…
Shopify and Reddit publish positive Q2 reports
Both platforms have turned over impressive quarters. Big growth: Shopify’s revenue grew 21% this quarter, hitting $2B. It also saw increases in gross merchandise volume, merchant solutions revenue, and gross profit, so… it pretty much grew in every direction. So if you’re selling on Shopify, that means more competition. If you’re an agency, it means…
