Internet ad sales climb to $10.7 billion in Q3

Advertisers broke an all-time record on ad spending after they spent 10.69 billion dollars on Internet advertisements in the last quarter, according to a new report.

The Interactive Advertising Bureau reported that the trade group tracked a 15% year-over-year growth in ad dollars in the third quarter of 2013.

According to CNET, in the third quarter of 2012, ad revenues totaled only 9.26 billion dollars.

The quarter's revenue was also a 4.2 percent rise from the second quarter of 2013. The IAB has been tracking quarterly ad revenues since 1999.