Target Executive Says Roundel, Target's Ad Business, Is Now An Over $1.5B Annual Revenue Business
Portfolio Pulse from Benzinga Newsdesk
During an investor call, a Target executive revealed that Roundel, Target's advertising business, has grown to generate over $1.5 billion in annual revenue. This significant milestone underscores the success and expansion of Target's advertising segment.
March 05, 2024 | 3:05 pm
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Target's advertising business, Roundel, has reached over $1.5 billion in annual revenue, indicating strong growth in this segment.
The announcement of Roundel achieving over $1.5 billion in annual revenue highlights the success and expansion of Target's advertising business. This is likely to be viewed positively by investors, as it demonstrates Target's ability to diversify revenue streams and capitalize on the growing digital advertising market. The significant revenue figure suggests that Roundel has become a substantial part of Target's overall business, which could lead to increased investor confidence in Target's growth prospects and potentially drive the stock price up in the short term.
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