Using methodology strikingly different from its previous studies, the
Interactive Advertising Bureau (IAB) this week said
Internet advertising revenue in the U.S. sunk 6.5 percent in the first
quarter compared to the previous quarter, coming in at $1.55
billion.
The IAB and PricewaterhouseCoopers put together the report by surveying a
group of Internet ad sellers, which it says have consistently accounted for
the lion’s share of revenues, and extrapolating from the total revenue
number to come up with an industry-wide figure.
Previously, the IAB actually surveyed “all companies that sell
meaningful online advertising revenues.” The
group said the change would allow timelier reporting, although it
previously — in better times for the industry — conducted the full reports
as often as quarterly, with results released just as quickly as this year’s
estimates.
Under the new schema, estimates will be released for first and third
quarters, with the full reports, including the first and third
quarters, issued after the second and fourth quarters. Inquiries to
the IAB about the changes weren’t answered by press time.
The IAB’s quarterly revenue numbers, which have been released since 1996,
are widely considered the
benchmark for the industry. The trade group has consistently trumpeted its
reports’ methodology made the
results the most accurate measurement of the state of online
advertising.
