Today, the IAB announced first half ad revenues for the U.S. market of $23.1 billion. This represents modest 15 percent growth over the first half of 2013. Second quarter revenues were $11.7 billion, up from $10.3 billion the previous year.
The numbers suggest full-year digital advertising spending of around $49 billion. Roughly 71 percent of revenue is concentrated at the top, within online ad sellers/networks.
Mobile and social advertising showed much more significant growth than digital advertising overall.
Mobile revenues for the first half were $5.3 billion, up from $3 billion a year ago (76 percent growth). Advertising on social platforms (PC and mobile) came in at $2.9 billion for the first six months. This represented 58 percent growth.
Below are a few category spending highlights from the first half:
PC search revenue: $9.1 billion
Mobile search revenue: $2.7 billion
PC display: $6.5 billion
Mobile display: $2.5 billion
Video: $1.5 billion
Social: $2.9 billion (PC + mobile)
The top five digital-ad spending industries were: retail, financial services, automotive and telecommunications.
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