Canada's online ad revenue growing like a bat out of hell, swiftly gaining on print ad revenue
The Interactive Advertising Bureau of Canada (IAB) recently announced that Canadian online advertising revenues for 2009 exceeded budgeted expectations. The expected revenue was already optimistic at $1.75 billion, but real revenues grew by 14% to reach $1.82 billion for the year.
This revenue has grown by 10% or more in 9 out of the past 10 years. It was less than $100 million in 2000, but it's now swiftly gaining on print ad revenue.
Online video advertising shot up from $12 million in 2008 to $20 million last year. Email advertising waned, dropping from $18 million to $13 million over the two-year period. Video game advertising is a brand new category for 2009, and it opened with a revenue of $3 million. This is expected to grow steadily.
The most popular category for advertising was automobiles (12%), surprisingly, followed by packaged goods (10%), with financial services in third place (9%). Technology, retail, and communications weren't far behind (7%, 5%, and 5%), with entertainment, leisure, media and health (5%, 5%, 4%, and 2%) rounding out the top 10.
via techvibes.com
The Interactive Advertising Bureau of Canada (IAB) recently announced that Canadian online advertising revenues for 2009 exceeded budgeted expectations. The expected revenue was already optimistic at $1.75 billion, but real revenues grew by 14% to reach $1.82 billion for the year.