Internet Advertising Revenues Continue to Soar, IAB and PricewaterhouseCoopers Report
Friday, 05 October 2007
The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) today released the IAB Internet Advertising Revenue Report covering the second quarter and the first six months of 2007. Internet advertising revenues (US) for the first six months of 2007 were nearly $10 billion, setting yet another new record and representing a nearly 27 percent increase over the first half of 2006. Internet advertising revenue totaled nearly $5.1 billion for the second quarter of 2007, exceeding the $5 billion mark for the first time in a quarter, a 25.4 percent increase over the same period in 2006.
“The torrid growth of interactive advertising revenue persists and these results are really no surprise but very welcome news,” said Randall Rothenberg, president and CEO of the Interactive Advertising Bureau. “More and more marketers have embraced the reality that interactive is the fulcrum on which their brand strategies need to be based and we expect robust growth to continue.”
“The first six months of 2007 has continued the trend over the past several years of strong sequential growth,” said David Silverman, partner, Entertainment, Media & Communications Practice, PricewaterhouseCoopers. “The growth, which was led by strong increases in the consumer advertising sector, continues to point to the mainstream acceptance of the medium and advertisers’ continuing reliance on it.”
“The Internet is well established as a key media distribution channel for driving advertising,” said Pete Petrusky, Director, Entertainment, Media & Communications Practice, PricewaterhouseCoopers. “The recent results demonstrate that advertisers recognize the continued growth in the online audience and the growing opportunity to target and monetize that audience.”
For the complete release, with tables, go to http://home.businesswire.com/portal/site/home/index.jsp?epi-content=NEWS_VIEW_POPUP_TYPE&newsId=20071004005706&ndmHsc=v2*A1188903600000*B1191540908000*DgroupByDate*J2*N1000108&newsLang=en&beanID=27174959&viewID=news_view_popup
Conducted by the New Media Group of PricewaterhouseCoopers, the IAB Internet Advertising Revenue Report was launched by the IAB in 1996, and comprises data from all companies that report meaningful online advertising revenues. The results are considered the most accurate measurement of interactive advertising revenues because the data is compiled directly from information supplied by companies selling advertising on the Internet.
The survey includes data concerning online advertising revenues from Web sites, commercial online services, free e-mail providers, and all other companies selling online advertising. First and third quarter revenue reports are estimates, with the actual figures being released along with second and fourth quarter data, respectively. PwC does not audit the information and provides no opinion or other form of assurance with respect to the information.
The IAB sponsors the IAB Internet Advertising Revenue Report, which is conducted independently by the New Media Group of PricewaterhouseCoopers. The full report is issued twice yearly for full and half-year data, and top-line quarterly estimates are issued for the first and third quarters.