According to a press release out today, the Interactive Advertising Bureau (IAB) and PwC US, Internet advertising revenues in the U.S. climbed to an historic high of $12.4 billion for the third quarter of 2014, which is the highest quarter ever, besting the record-setting revenues of Q4 2013, which came in at $12.1 billion.

“This milestone demonstrates marketers’ commitment to digital”

Q3 2014’s milestone numbers represent a year-over-year uptick of 17% over the $10.6 billion reported for the third quarter of 2013.

The figures also mark a 6.5 percent increase from Q2 2014, which totaled $11.7 billion.

“This milestone demonstrates marketers’ commitment to digital,” said Randall Rothenberg, President and CEO, IAB. “Brands are tapping into the ubiquity of digital screens, now an undeniable vital part of consumers’ lives, as they seamlessly move from smartphones to PCs to interactive televisions throughout the course of their day.”

“As marketing undergoes the rewards and challenges of the digital sea change, brands and agencies have clearly recognized that interactive advertising offers rich, immersive experiences that signal a new age in advertising,” said Sherrill Mane, Senior Vice President, Research, Analytics and Measurement, IAB.

“Interactive advertising is clearly maintaining its strong momentum,” said David Silverman, a partner at PwC US. “These figures directly reflect how brands are increasingly embracing digital as a must-have in their marketing mix.”