New ad formats, including Stickers on Shorts made from images from a brand’s product feed, will be available to all retailers by the end of 2024.
Shares in the social media company slumped following the announcement, despite strong user numbers and top- and bottom-line growth.
CEO Andy Jassy noted sponsored product offering saw “meaningful” growth in the quarter due to increased ad relevance and optimization.
CMOs are now driving the growth agenda—but often without the structural support they need.
However the company noted slowing ad revenue growth in the Asia-Pacific region.
The company pointed to AI as a bolster to its growth.
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