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Earlier last week, Amazon (NASDAQ: AMZN) announced its fourth-quarter results that surpassed market expectations. It has recently launched several GenAI applications, the latest one being Rufus, a genAI shopping assistant. Its stock hit a 52-week high following its result announcement. Amazon's Financials Amazon's fourth quarter revenues grew 14% to $170 billion, ahead of the market's forecast of $166.2 billion. Net income increased to $10.6 billion or $1 per share, compared with net income of $0.3 billion, or $0.3 per share a year ago. Analysts estimated income of $0.8 per share. By segment, net product sales grew 8.7% to $76.7 billion and net service sales increased 18.5% to $93.3 billion. North American sales grew 13% to $105.5 billion, while international sales grew 16.5% to $40.2 billion. Revenues from Amazon Web Services (AWS) increased 13% to $24.2 billion in line with analyst estimates. Advertising services revenue grew a strong 27% to $14.6 billion primarily ....
Unleash the power of generative AI in PPC advertising with ChatGPT and Bard. Explore beyond conventional automation and discover how these tools can revolutionize text generation for Google Ads. ....
Meet the 2023 Amazon Ads Partner Awards winners campaignlive.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from campaignlive.co.uk Daily Mail and Mail on Sunday newspapers.