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14.05.2024 / 13:43

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Amazon Execs Paul Kotas & Mike Hopkins Kick Off Tech Giant’s First Upfront, Touting Prime Video As A “One-Stop Shop” For Viewers And Advertisers

Senior Amazon execs Paul Kotas and Mike Hopkins opened the tech giant’s first upfront by detailing the steps toward becoming what Hopkins called a “one-stop shop” for viewers and advertisers.

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Amazon Beats Wall Street Q1 Forecasts As Advertising Growth Continues Apace

Amazon beat Wall Street forecasts for profit and revenue in the first quarter as advertising continued to grow at a healthy clip.

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Amazon Q1 Ad Revenue Leaps 24% to $11.8 Billion, Lifted by Prime Video’s Addition of Commercials

Todd Spangler NY Digital Editor Amazon raked in $11.82 billion in ad revenue for the first quarter of 2024, topping analyst expectations, fueled by the ecommerce giant’s move to serve advertising by default in Prime Video in multiple markets. Advertising sales for the quarter were up 24% year over year and marked a new Q1 record. The revenue beat Wall Street expectations for the quarter of $11.7 billion, according to StreetAccount.

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Amazon Taps Longtime NBCU Exec Krishan Bhatia To Lead New Global Video Ad Sales Team

Longtime NBC ad sales executive Krishan Bhatia has landed at Amazon as VP, Global Video Advertising Sales, a new position for a new team within ad sales focused on streaming TV offerings across live sports, Amazon Freevee, Twitch, Prime Video ads, and third-party publishers.

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Prime Video Advertising “Off To A Strong Start,” Amazon CEO Andy Jassy Says

Amazon CEO Andy Jassy saluted the company’s progress in video advertising in his annual letter to shareholders.

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Jeff Bezos Is Leaving Seattle After Three Decades and Moving to Miami: ‘It’s an Emotional Decision for Me’

Todd Spangler NY Digital Editor Jeff Bezos is relocating to Miami, moving away from Seattle — which has been his home since he founded Amazon in 1994 out of his garage. Bezos announced the decision to move to Miami in an Instagram post Thursday. He explained that his parents (who “have always been my biggest supporters”) recently moved back to Miami, where the family had previously lived and where Bezos attended Miami Palmetto Senior High School (class of 1982).

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After Amazon Posts 26% Q3 Ad Revenue Jump, CEO Andy Jassy Says Tech Giant Has “Barely Scraped The Surface” With Madison Avenue

As it grew into a tech behemoth over its first two decades, Amazon was regarded as a sleeping giant in the digital advertising business, largely ceding the market to the duopoly of Facebook and Google.

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Amazon Blows Past Q3 Expectations, Ad Revenue Jumps 26%

Todd Spangler NY Digital Editor Amazon kept the cash register ringing in the third quarter, including a strong 26% uptick in advertising revenue, turning in results that came in above Wall Street forecasts. Overall, Amazon reported Q3 revenue of $143.1 billion, up 13%, and net income up more than threefold to $9.88 billion (94 cents per share).

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Amazon Unplugs Live Audio Service Amp

Amazon has shut down live audio service Amp about 18 months after it launched in beta.

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California State Treasurer Tells Media CEOs To “Return To Negotiations, Work Toward Fair Deal With Writers And Actors”

California Treasurer Fiona Ma has sent letters to the CEOs of seven Hollywood studios urging a return to the bargaining table with the WGA and SAG-AFTRA to end a months-long double strike that’s shut down much of the entertainment industry and is taking a major toll on the California economy.

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Amazon’s Entertainment Business Has Multiple Generative AI Initiatives Underway, CEO Says

Todd Spangler NY Digital Editor Amazon CEO Andy Jassy enthused about the potential of generative AI technology to cut costs and create brand-new user experiences — saying every team in the company is working on multiple projects in the area, including in its entertainment business. On the tech giant’s second-quarter earnings call Thursday, Jassy said, “Inside Amazon, every one of our teams is working on building generative AI applications that reinvent and enhance their customers’ experience.” That includes multiple projects in its entertainment business, AWS, its advertising business and in Amazon’s devices business: “You can just imagine what we’re working on with respect to Alexa there.” Generative AI refers to a type of artificial-intelligence technology that can create new text, images, videos or synthetic data based on massive data sets.

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Amazon Cruises Past Wall Street Q2 Estimates, With Advertising Surging 22% Over Year-Ago Levels

Amazon cruised past Wall Street estimates in the second quarter, swinging from a loss in the year-ago period to better-than-expected profits.

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Amazon Sued By Federal Trade Commission, Which Says Tech Giant “Tricked And Trapped” Customers With Prime Subscription Tactics

Amazon has been sued by the Federal Trade Commission for what the U.S. regulatory agency described as “years-long” manipulations of its Prime subscription service.

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