Online Advertising Hits Record Level in Q1: Report

U.S. Internet advertising revenues rose 7.5% in the first quarter compared to the same period last year, reaching $5.9 billion and marking the highest first-quarter level ever, according to a report published Thursday by the Interactive Advertising Bureau and Pricewaterhouse Coopers.

Still, online ad revenue in the quarter marked a slight decline from the $6.3 billion posted in the fourth quarter of last year, the highest quarterly total ever. Google Inc. (NASDAQ: GOOG) , Yahoo Inc. (NASDAQ: YHOO) and Microsoft Corp. (NASDAQ: MSFT) all issued quarterly reports recently that included some upbeat indications for the health of the online ad market.

Source: MarketWatch