Key Takeaways
- As of January 2024, there are 5.24 billion social media users worldwide, equivalent to 63.9% of the total global population.
- Social media user growth reached 122 million new users (+2.4%) between early 2023 and early 2024.
- The average internet user now spends 2 hours 25 minutes per day on social media platforms.
- 54.8% of the world's social media users are female as of early 2024.
- Globally, 56.0% of social media users are aged 18-34 years old in 2024.
- In the US, 69% of adults aged 18-29 use TikTok, compared to 12% of those 65+ in 2023.
- Global social media users spend an average of 2 hours 21 minutes daily on platforms in 2023.
- YouTube users worldwide spend an average of 28.80 hours per month on the platform in 2023.
- TikTok users in the US average 53.8 minutes per day on the app in 2023.
- Average engagement rate on Instagram is 0.50% for posts in 2023.
- TikTok videos achieve 5.3% average engagement rate globally in 2023.
- 72% of internet users have purchased products discovered on social media in 2023.
- Global social media ad revenue reached $207 billion in 2023.
- Facebook generated $132 billion in ad revenue in 2023.
- YouTube ad revenue hit $31.5 billion in 2023.
Social media is dominant worldwide with billions of daily active users and rising ad revenues.
Advertising and Monetization
Advertising and Monetization Interpretation
Demographics and User Profiles
Demographics and User Profiles Interpretation
Engagement and Content
Engagement and Content Interpretation
Usage and Time Spent
Usage and Time Spent Interpretation
User Growth and Penetration
User Growth and Penetration Interpretation
Sources & References
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