Instagram drops 2019 revenue details; better than YouTube’s for 1st time

Instagram drops 2019 revenue details; better than YouTube’s for 1st time

- Instagram revenue of $20 billion for the year 2019 is higher than YouTube's revenue for the same period

- This is the first time Alphabet has revealed YouTube's revenue of $15 billion for the period, which was less than that of Instagram

- Facebook has disclosed that Instagram currently accounts for about a quarter of its revenue

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Facebook owned-photo and video-sharing social networking service, Instagram, generated advert revenue of $20 billion in the year 2019.

The service was purchased by Facebook in the year 2012 for $1 billion and has grown to become an important aspect of the social media service company.

Per a report by Business Insider, it makes up more than a quarter of Facebook’s revenues.

Instagram drops 2019 revenue details; better than Youtube’s which have been released for first time

Source: theguardian.com
Source: UGC

READ ALSO: Disney releases details of fourth-quarter earnings; says subscribers are currently over 26 million

In the year 2018, Instagram was estimated to be theoretically valued at over $100 billion and is likely to be worth more than that in 2020.

YEN.com.gh understands that Facebook generated a total revenue of about $70.7 billion in 2019.

Instagram’s annual revenue is higher than that of Google's video platform YouTube, which gave the company $15 billion in 2019.

A report by theguardian.com, Google announced YouTube’s revenue for the first time in its history on Monday, February 3, 2020.

An amount of $4.72 billion out of the $15 billion was realized in the fourth quarter alone.

The figures, however, do not include YouTube’s non-advertising revenue, like subscriptions for YouTube TV, which are included in Google’s other revenue segment.

However, the news did little to satisfy investors who sold off shares in Google’s parent company, Alphabet.

This was after it was realized that the revenues announced for the last quarter fell below expectations.

In other news, poor visibility as a result of falling snow has been identified as one of the main factors of obstructed vision during winter in some countries.

It has been established that snow covers cameras that aid cars with regard to self-awareness. It also deceives sensors into seeing obstacles that are not present and hides road signs and other structures that often serve as navigational landmarks.

In a bid to facilitate the movement of vehicles during winter, a startup known as Scale AI has open-sourced a data set known as Canadian Adverse Driving Conditions (CADC).

READ ALSO: Apple teams up with Genius to challenge Spotify; introduces video series

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