Amazon’s ad services generated $10.68 billion in revenue in the second quarter of 2023, a 22% increase from the same period in the previous year. This strong performance indicates that the digital ad industry is rebounding from the economic downturn. Amazon credited its success to the introduction of advanced machine learning models, which helped advertisers reach their target audiences more efficiently. The company also expressed optimism for the future and highlighted its innovations in advertising services, such as tailoring ads for Thursday Night Football and creating interactive experiences for consumers. Overall, Amazon’s robust performance in the ad market is a positive sign for the industry and should encourage marketers to increase their ad spend.

source: Amazon’s ad services revenue rises 22%, bringing in more than $10 billion in Q2


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