JackJackson
10-07

$Amazon.com(AMZN)$  Advertising still feels massively underrated. Amazon just posted nearly $19.8B in ad revenue last quarter, up about 26% YoY. At this point it's turning into a major earnings driver for the company. The best part is that advertising is likely one of Amazon's highest-margin businesses, especially next to retail. So while most people stay focused on AWS, Amazon has quietly built another huge earnings engine right beside it.

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