Digital Ad Revenue Grew Again in 2022, but Much More Slowly
Digital ad revenue in the U.S. rose 10.8% to $209.7 billion last year as marketers continued to spend in online channels despite slower economic growth, market uncertainty and mass layoffs at big tech companies, according to a new report from the Interactive Advertising Bureau and PricewaterhouseCoopers LLP.But the increase was smaller than the 35% leap seen in 2021—when marketers, including a flood of new businesses, competed to reach consumers spending more time and money online—as well as the 12.2% rise in 2020. In…