Amazon's advertising business grew 19% in the third quarter
1. Amazon's Q3 advertising revenue reached $14.3 billion, up 19% YoY. 2. Overall sales for Q3 were $158.9 billion, exceeding estimates. 3. Amazon's ad market share is 8.8%, behind Alphabet and Meta. 4. Competitive pressure remains high from Meta and Alphabet in digital ads. 5. Amazon's growth in ads positions it strongly in the market.