Internet advertising continues to gain ground — and share of advertisers budgets. Internet ad revenues hit $7.3 billion in the first quarter — a 23 percent increase from a year ago and the highest first-quarter revenue ever, according to the Interactive Advertising Bureau and Pricewaterhouse Coopers.
Bottom line: people are spending more time online and advertisers are going where the people are.
Last quarter's numbers are even more impressive when considered with the fact that 2010 was a record-breaking year for Internet ad revenue. It's a sure sign that this isn't a blip — Internet advertising is on a path of consistent growth.