The Interactive Adverising Bureau (IAB) and PricewaterhouseCoopers have released internet advertising data for the first six months of 2008. The six month period saw $11.5 billion in revenues, up 15.2% over the same period in 2007.
The second quarter of 2008 was up 12.8% over Q2 of 2007, but showed a slight decline, 0.3%, from the first quarter.
Search revenues neared $5.1 billion, up 24% year-over-year. Display neared $3.8 billion, up 19%.
“Interactive advertising continues to demonstrate year over year growth as marketers and consumers increase their embrace of digital media,” said Randall Rothenberg, president and CEO of the IAB. “The essentially flat performance we see quarter to quarter reflects in part cyclical advertising trends. Compared to the trajectory in other media and in the general economy, interactive has outperformed because it delivers a level of accountability unmatched by any other advertising medium.”
Sources | SEW
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