Online Ad Revenue Down 8 Percent in 2001

Share this content:
NEW YORK -- Online advertising continues to bear its share of the slumping advertising market, according to new figures from the Interactive Advertising Bureau.

The first nine months of 2001 saw an 8.4 percent drop in revenue, according to the IAB's Interactive Ad Revenue Report, which was conducted by PricewaterhouseCoopers. Ad revenue for the first nine months of 2001 was $5.55 billion, compared with $6.06 billion for the first three quarters of 2000. The figures were released yesterday at @d:tech New York.

Though online advertising is mired in the same recession that has cut across all advertising media, the IAB took stock in a "modest" 4.1 percent decline in revenue from the second to third quarter of 2001. The decline from $1.868 billion in second-quarter revenue to $1.792 billion in the third quarter shows online advertising is holding up under the pressure, the IAB said.

"While the online revenue reported has shown little change from the previous two quarters, the fact that our industry is holding steady should be looked at as a positive sign," said Greg Stuart, IAB president/CEO. "The $1.792 billion in revenue for the quarter indicates that the Internet is holding its own against what we have been hearing about in other advertising sectors, indicating that, contrary to popular belief, advertisers are not deserting the medium and, in fact, are committed to the Internet long term."


Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above