IAB Press Release – Internet Advertising Revenues Soar Again, Near $5 Billion in Q1 07

IAB Press Release – Internet Advertising Revenues Soar Again, Near $5 Billion in Q1 07: “INTERNET ADVERTISING REVENUES SOAR AGAIN, NEAR $5 BILLION IN Q1 07

Industry Continues to Set New Records; Revenues Up 26% from Same Period Last Year

New York, NY (June 6, 2007) – The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers LLP (PwC) today announced that Internet advertising revenues reached a new record of $4.9 billion for the first quarter of 2007. The 2007 first quarter revenues represent a 26 percent increase over Q1 2006 at $3.8 billion and a 2 percent increase over Q4 2006 at $4.8 billion.

‘The continued growth of online ad revenues clearly illustrates marketers’ increased comfort with the extraordinary vitality and accountability of this medium,’ said IAB President and CEO Randall Rothenberg. ‘It reaches consumers with an unprecedented level of efficiency and measurability that provides marketers with actionable data. And the ever-changing landscape of new platforms and technologies that enrich interactive advertising guarantees that this growth trend will continue.’”