Amazon Ad Revenue Growth Slows to 11% in Q3; DoorDash to Acquire Instacart for $17B
· 25h ago · Originally reported by PPC Land
Amazon reported its Q3 advertising revenue growth slowed to 10.9%, down from 26%, partly due to the timing shift of Prime Day. Meanwhile, DoorDash has agreed to acquire Instacart in a $17 billion deal.
Why it matters
Amazon's ad growth slowdown signals changing dynamics in digital retail advertising, while DoorDash's acquisition of Instacart could reshape competition and ad opportunities in the grocery delivery sector.
Explain it like I’m new here
Amazon made less extra money from ads this quarter, and two big food delivery companies are joining forces.
The deal
DoorDash → Instacart · acquisition · announced · $17B
See the full M&A tracker.
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