SoftRatty: Online advertising slowing down but still 11% up from 2007

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Online advertising slowing down but still 11% up from 2007

2008-11-21 16:58:13 by Shoaib Hashmi in Startup Meme

The current economic crisis has affected almost every business. Online advertising sector is one of those areas but it is not affected badly. According to a report, the third quarter revenues were %5.9 billion which is 11% more than the same quarter last year. The pace is absolutely slowing down as the current revenues are just 2% more than the 2nd quarter of 2008. Last year the revenue of the first three quarters were $15.2 billion, which has now increased to $17.3 billion in the same period this year. The actual performance of the online advertising industry can be judged in the next quarter which will be very crucial.

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