$2.8 bln spent on online ads in Q1 2005, 26% growth YTY

The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) announced that Internet advertising totaled over $2.8 bln for Q1 2005 making this the highest reported quarter in nine consecutive growth quarters. Q1 2005 revenues represent a 26% increase over Q1 2004 ($2.2 bln) and a 4.3% increase over Q4 2004 ($2.7 bln.)