Key Takeaways Advertising revenues jumped 53% in Q3, signaling a bigger role for WMT's retail media business.U.S. growth came from Walmart Connect, while Flipkart led international gains as seller and brand demand rose.Ads and membership made about one-third of consolidated adjusted operating income for Walmart in the quarter.Walmart Inc.’s (WMT) third-quarter fiscal 2026 performance highlighted a sharp acceleration in its global advertising business, raising an important question about whether ads are beco ...