Amazon's advertising business grew 18% in the fourth quarter

An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022.Amazon's online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago. Analysts polled by StreetAccount were expecting Amazon to report ad revenue of $17.4 billion.The online retail giant revealed its latest advertising sales results on Thursday as part of its fourth-quarter earnings. The company said fourth-quarter sales were $187.79 billion, which was ...