Advertising remains Amazon's quickest growing business segment and reached a new high of $8.1bn in Q3 2021, according to the latest company report.
'Other' revenue for Amazon, which includes advertising, grew by 49.9% year on year in Q3 2021 to top $8bn for only the second time. While this is its slowest rate of growth in more than a year, 'other' revenue has been the quickest growing business segment for Amazon in the last four quarters.
In comparison, revenue from the online stores segment rose by just 3.3%in Q3 2021 to equal $49.9bn, the...