Walmart’s ad revenue grew 30% in June led by Flipkart and Walmart Connect
By
Biju Kumar
Driven by its advertising business Walmart Connect and Indian ecommerce marketplace Flipkart, retail giant Walmart’s advertising revenue jumped 30% year-on-year (YoY), the firm said during its June quarter earnings call.
The revenue of Walmart International, which includes Flipkart, rose 5.7% YoY in the June quarter to $24.4 billion.