top of page
tech360.tv

Meta's Reels Catches Up to TikTok in Users, Advertisers, and Revenue

Updated: Jan 8

Meta's Reels short-form video feature is catching up to TikTok with rapid increase in users, advertisers and revenue.

Meta
Credit: REUTERS

When Meta first launched Reels in 2020, many dismissed it as an attempt to copy rival app TikTok's viral video success.


But new data reveals Reels has grown exponentially, nearing TikTok in users, advertisers and revenue.

Reels' growth is partially thanks to Meta's improving recommendation technology, allowing it to better suggest relevant videos. Daily Reels plays on Facebook and Instagram now exceed 200 billion, up from 140 billion last fall.


Reels' annual revenue has jumped to $10 billion, versus around $3 billion last fall and $1 billion in summer 2021. That makes it about the size of TikTok's estimated 2021 revenue. Over three-quarters of Meta advertisers now place ads on Reels.


While Reels still earns less per video view than Facebook and Instagram feeds and stories, its growth creates a strong base for monetisation. TikTok remains the leader in time spent per user, but Reels’ rapid rise shows Meta can compete.

 
  • Reels has grown exponentially in users, advertisers and revenue.

  • It's catching up to TikTok with over 200 billion daily video plays.

  • Revenue has jumped to $10 billion annually.

Source: Reuters

As technology advances and has a greater impact on our lives than ever before, being informed is the only way to keep up.  Through our product reviews and news articles, we want to be able to aid our readers in doing so. All of our reviews are carefully written, offer unique insights and critiques, and provide trustworthy recommendations. Our news stories are sourced from trustworthy sources, fact-checked by our team, and presented with the help of AI to make them easier to comprehend for our readers. If you notice any errors in our product reviews or news stories, please email us at editorial@tech360.tv.  Your input will be important in ensuring that our articles are accurate for all of our readers.

bottom of page