U.S. digital ad revenue explodes during first half of 2017
New numbers calculated by PriceWaterhouseCoopers for the Interactive Advertising Bureau, an advertising trade body, show that digital advertising revenue increased 23% in the first half of this year. While every sector of digital (mobile, video, social, audio, etc.) increased by over 30%, their study notably highlights that mobile video surpassed display video ad spending for first time ever.
Why it matters: The numbers do not reflect many of the pains digital publishers have experienced this year, including layoffs, missing revenue targets, survival mergers or shutdowns. This is because the IAB's report does not separate out which portion of that growth went to the two biggest players in the advertising ecosystem, Google and Facebook. Analysts estimate that those two companies were expected to take anywhere between 80-90% of digital ad dollar growth this year.