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29 October 2021
Advertising is Amazon's quickest growing business, up 50%
Subscription modelsE-commerce & mobile retailOnline retail
Advertising remains Amazon's quickest growing business segment and reached a new high of $8.1bn in Q3 2021, according to the latest company report.
Why it matters
The company added that labour shortages and rising costs will be a key challenge during the all-important holiday season this year. However, as brands compete for consumer attention during this period, Amazon's advertising business is likely to continue its strong growth.