Media News - Thursday, April 14, 2011
Internet ad revenue hits high in ‘10
U.S. Internet advertising revenue jumped 15 percent to USD 26bn in 2010, setting a record high and proving that more companies are opening up their coffers to reach people online. The new figures released on Wednesday by the Interactive Advertising Bureau and PwC also reported record online ad revenue increases in the fourth quarter of 2010, up 19 percent to USD 7.5bn. "We now have had five consecutive quarters of growth since the great recession impacted interactive advertising in 2009," Sherrill Mane, senior vice president, industry services at the IAB, said in a statement. The report found that the most popular form of advertising was search, which represented 46 percent of revenue and increased 12 percent from 2009. Digital video advertising accounted for 5 percent of total ad dollars spent online in 2010, or USD 1.4bn. Display advertising, which also includes video, jumped 24 percent to almost USD 10bn last year. The fastest growing form of advertising in 2010 was sponsorships, which soared 88 percent to USD 718m. (Reuters)
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