Amazon posts $13.9 billion in ad sales, signalling a 19% jump

Amazon reported better-than-expected results for the first quarter, driven in part by a surge in its online advertising business, which posted a 19% jump in revenue. The tech giant generated $13.92 billion from advertising between January and March, surpassing analyst estimates of $13.74 billion, according to data from StreetAccount.

Total revenue for the quarter reached $155.67 billion, slightly above Wall Street’s forecast of $155.04 billion.