Categories: FacebookInstagram

Analysts Project Instagram Will Rake In $14 Billion In Revenues In 2019

Instagram is expected to be a significant source of revenue and growth for Facebook in 2019 — a good thing for the social media giant, which could see an all-time-low of less than 20% growth this year.

A group of analysts from Jefferies Financial Group expects that Instagram will bring in $14 billion in revenue in 2019 — more than double last year’s forecasted revenues of $6.84 billion, they found in a report. If that forecasted $6.84 billion is on target, that would mean Instagram’s 2018 revenues were more than double its 2017 earnings of $3.64 billion.

While Instagram is on the upswing, Facebook — which will report its end-of-year earnings next week — is still bogged down in a stock and growth deceleration that the Jefferies team said began after the now-infamous Cambridge Analytica scandal. That data-mining firm, which had ties to the Donald Trump campaign, harvested data from at least 50 million Facebook users without their permission. Details of Cambridge Analytica’s access to Facebook users’ data went public in early 2018, sparking Congressional hearings for Facebook, Twitter, and Google, as well as stoking significant user concern about how safe their data was in Facebook’s hands.

Subscribe to get the latest creator news

Subscribe

While Facebook users aren’t leaving “in droves,” the Jefferies team found, they did advise that Facebook has “cleanup work left as social fatigue still lingers.” Instagram was swept up in the Cambridge Analytica fallout while it was happening, but these projections make it clear that the platform hasn’t suffered the same long-term effects as its parent company.

Share
Published by
James Hale

Recent Posts

Top 5 Branded Videos of the Week: YouTube uses sponsorship to show off Shopping features

MrBeast continues to show us that he's in a league of his own as far as…

18 hours ago

Issa Rae’s new management company wants to teach creators how to get better brand deals

Issa Rae's new company wants to hook up creators and brands for "deeper relationships" beyond…

21 hours ago

MrBeast is ending his exclusive relationship with Night (Report)

MrBeast is reportedly ending his exclusive relationship with management company Night. Two people familiar with…

22 hours ago

After cutting 15% of staff and saying goodbye to its CEO, Peloton must figure out what’s next

Peloton is dismissing a chunk of its workforce, including its top executive. Barry McCarthy announced that he is…

4 days ago

Meta is using AI to power brand and creator matchmaking on Facebook and Instagram

Meta is looking to improve creator and brand experiences on its platform by investing in AI. The…

4 days ago

Bob Does Sports cracks a cold one with new “Have a Day” tequila line

Bob Does Sports, the self-dubbed home of "brilliantly dumb sporting adventures" hosted by Robby Berger,…

4 days ago