Amazon Is Gaining Ground on Google and Facebook Thursday Was
Thursday was not the best day for Amazon after it released its financial results for the first quarter of 2020, in which despite reporting an increase in sales, its net income contracted 29 percent and, added to c level email list this, said it will commit at least $4 billion in actions related to the pandemic over the next three months. Thursday was not the best day for Amazon after it released its financial results for the first quarter of 2020, in which despite reporting an increase in sales, its net income contracted 29 percent and, added to this, said it will commit at least $4 billion in actions related to the pandemic over the next three months.What was reported by the electronic commerce giant fell badly in the stock markets where in the operations after the closing -when they presented their financial report-, it registered a fall of 4.32 percent , something that has extended to this day, where the loss is has increased to more than 8 percent. However, for Amazon there will always be something to rescue , and in this quarter, in addition to the performance of AWS, its cloud business, it is worth rescuing what is related to c level email list advertising. Gain ground to the big ones. In its report, the 'Others' division , where revenues from its advertising arm are mainly considered, the Seattle company indicated that it recorded revenues of 3.9 billion dollars between January and March.
Which represented a growth of 44 percent . percent compared to the same period but last year. While no details are given on this segment, Chief Financial Officer Brian Olsavsky said the c level email list first-quarter ad growth rate is in line with what was reported during the fourth quarter of 2019, when growth was 40 percent , as they remember from The Drum. Certainly it is still far from what advertising revenue represents for Google and Facebook , the giants in this area, with revenues of 33.763 million dollars and 17.440 million dollars respectively during the first quarter, however, we must highlight that Amazon continues to cut ground and,in the future, this could become a problem for the Mountain View and Menlo Park companies. Why? Let's see what happens with YouTube, between January and March it represented income from advertising concepts for 4 thousand 038 million dollars.
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