Internet ad sales reach new high of $9.6 billion
Ad revenue from digital advertising in the U.S. shot up almost 16 percent in the first quarter compared with the year-ago period, the IAB says.
Revenue generated by online advertising hit a new record in the U.S. last quarter.
Total first-quarter sales hit $9.6 billion, up 15.6 percent from the $8.3 billion seen in the first quarter of 2012, according to the Interactive Advertising Bureau and PricewaterhouseCoopers. The latest numbers reflect an ongoing shift to Internet advertising on the part of marketers as revenue continues to grow by double digits.
"Consumers are turning to interactive media in droves to look for the latest information, to connect with their social networks, and simply to be entertained," IAB CEO Randall Rothenberg said in a statement. "This first-quarter milestone clearly illustrates that marketers recognize that digital has become the go-to medium for all sorts of activities on all sorts of screens, at home, at the office, and on-the-run."
The numbers are based on data from the IAB's Internet Advertising Revenue Report, which is conducted independently by the New Media Group of PwC. The report captures information directly from companies that sell digital advertising online.