Amazon Surpasses $1.8 Billion Ad Revenue Target for Streaming Services
The e-commerce giant's ad sales include Prime Video, Freevee, and Twitch, with significant contributions from live sports broadcasts.
- Amazon's upfront ad sales for its video-streaming services exceeded the company's $1.8 billion target for the coming year.
- The ad revenue includes commercials on Prime Video, Freevee, and Twitch, as well as during live sports broadcasts such as Thursday Night Football.
- Analysts predict Amazon's ad-supported video-on-demand offering could generate $4.8 billion in annual revenue by 2025.
- Amazon's recent deals to stream NBA and NASCAR games are part of its strategy to boost ad revenue through live sports.
- Despite missing advertising sales estimates in Q2, Amazon is betting on continued growth in streaming TV ads to capture a larger share of ad budgets.