Walmart’s global ad business expands 30% in Q2 due to Flipkart advertising

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American retail giant Walmart stated that its global advertising business surged in the quarter ending July 2022, largely on the back of strong performances by Flipkart and the company’s US-based advertising arm.

“Global advertising business grew nearly 30%, led by Walmart Connect in the United States and Flipkart advertising,” the company reported in its Q2 earnings report. The retailer also expressed satisfaction with its ecommerce offering, saying Flipkart continues to meet its expectations. “Flipkart continues to exceed our expectations, and the team is working hard to prepare for Big Billion Days.” “I visited India last month and was impressed by how the Flipkart and PhonePe teams are innovating for the customer and driving growth,” said Walmart CFO John David Rainey. Walmart stated that the performance of its ecommerce vertical contributed 19% of total net sales in the international market.

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Walmart’s global ad business expands 30% in Q2 due to Flipkart advertising

American retail giant Walmart stated that its global advertising business surged in the quarter ending July 2022, largely on the back of strong performances by Flipkart and the company’s US-based advertising arm.

“Global advertising business grew nearly 30%, led by Walmart Connect in the United States and Flipkart advertising,” the company reported in its Q2 earnings report. The retailer also expressed satisfaction with its ecommerce offering, saying Flipkart continues to meet its expectations. “Flipkart continues to exceed our expectations, and the team is working hard to prepare for Big Billion Days.” “I visited India last month and was impressed by how the Flipkart and PhonePe teams are innovating for the customer and driving growth,” said Walmart CFO John David Rainey. Walmart stated that the performance of its ecommerce vertical contributed 19% of total net sales in the international market.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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