This marks the highest quarterly result ever for the industry.

This is not the first time IAB and PwC got to announce record numbers this year. Last month, they said Internet advertising revenues in the U.S. were at $12.1 billion in the first half of 2010, setting a new half-year record that represented an 11.3 percent increase over the first half of 2009.

The first quarter of this year was already good for $6 billion in online advertising revenues in the United States.

As you can tell from the chart, IAB estimates have been consistently growing year over year since the beginning of the decade, with the notable exception of 2009, when a massive slump occurred in the U.S. due to the global economic recession.

The previous industry record was set in the fourth quarter of 2009, when Internet advertising revenues in the U.S. climbed to $6.3 billion.

Fourth-quarter results always see an uptick because of increased spending in the holiday period, which means IAB and PwC will likely be reporting another record quarter in about 4 months.

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Authors: Robin Wauters

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