Q4 was another turbulent quarter for social media: Support for a US ban on TikTok grew; Elon Musk announced he would step down from Twitter once he finds a replacement; and Meta suffered its first-ever major round of layoffs. But there were still bright spots for marketers.
This is the latest installment in an ongoing series of updates for the social media platforms. The goal of each report is to provide a summary of key developments and their implications for marketers.
3 KEY QUESTIONS THIS REPORT WILL ANSWER
Can Meta’s new automated tools and ad formats help quell its ad revenue losses?
Will Twitter survive with—or without—Elon Musk as CEO?
Can TikTok continue its growth trajectory amid growing support to ban it in the US?
WHAT’S IN THIS REPORT? Key developments for Facebook, Instagram, Snapchat, TikTok, Twitter, and YouTube during Q4 2022, and how brands and marketers can navigate those changes.
KEY STAT: Twitter will lose more than 30 million monthly users worldwide between 2022 and 2024, erasing all the growth it gained during the pandemic, per our latest forecast.
Here’s what’s in the full report
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Table of Contents
Executive Summary
Meta: AI May Improve Ads and Quell Ad Revenue Losses
Facebook: Reels Remains Front and Center
Instagram: New Ad Format Paves the Way for More Creator Monetization
Snapchat: AR Gets a Boost With Big Partnerships
TikTok: Reorganization Amid Spending Slowdown and Regulatory Pressure
Twitter: Musk Pilots the Platform Into Advertising Disaster, Polls Users on His Departure
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