Internet ad revenues up 5% QTQ, up 20% YTY in Q3 2003

Internet ad revenue in Q3 2003 came in at $1.75 billion, a 5% increase over the second quarter and a 20% rise over the same period a year ago, according to estimates from PricewaterhouseCoopers (PwC). The latest PwC quarterly report, sponsored by the Interactive Advertising Bureau (IAB), found the numbers mark the highest total revenues reported since Q3 2001 ($1.77 billion). If the estimates bear out, the results would also mark the fourth consecutive quarter in which revenues have increased.