Flipkart boosts Walmart’s international ad business in Q1
Walmart reported 20% growth in international ad business, driven by Flipkart, which earned Rs 5,000 crore from ads. Net sales rose 7.8% to $32.1 billion, but operating income dropped 6.4% due to investments. Flipkart plans India domicile shift ahead of a 2026 IPO.
Walmart reported 20% growth in international ad business, driven by Flipkart, which earned Rs 5,000 crore from ads. Net sales rose 7.8% to $32.1 billion, but operating income dropped 6.4% due to investments. Flipkart plans India domicile shift ahead of a 2026 IPO.
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