Flipkart boosts Walmart’s international ad business in Q1

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US retail giant Walmart reported a 20% growth in its international advertising business for the quarter ending April 30, driven primarily by Indian ecommerce marketplace Flipkart.

For the fiscal year ending March 2024, Flipkart Internet, the marketplace arm of Flipkart, had generated nearly Rs 5,000 crore from advertising — surpassing the Rs 3,734 crore earned from marketplace fees.

Walmart International posted net sales of $32.1 billion for the February-April quarter, reflecting a 7.8% year-on-year increase. The growth in net sales (constant…



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Flipkart boosts Walmart’s international ad business in Q1


US retail giant Walmart reported a 20% growth in its international advertising business for the quarter ending April 30, driven primarily by Indian ecommerce marketplace Flipkart.

For the fiscal year ending March 2024, Flipkart Internet, the marketplace arm of Flipkart, had generated nearly Rs 5,000 crore from advertising — surpassing the Rs 3,734 crore earned from marketplace fees.

Walmart International posted net sales of $32.1 billion for the February-April quarter, reflecting a 7.8% year-on-year increase. The growth in net sales (constant…



Source link

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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