IAB: Internet ad revenues up 18% in Q3

New York—Internet advertising revenues reached $9.3 billion in the third quarter, up 18% over the year-earlier period, according to a report from the Interactive Advertising Bureau.

IAB's “Internet Advertising Revenue Report” found a 6% increase over second-quarter revenues of $8.7 billion.

“Sustained growth in internet ad revenue despite economic head winds is a testament to the value marketers get from using digital media,” said Sherrill Mane, senior VP-research, analytics and measurement at IAB, in a statement.