Instagram Made $20 Billion in 2019 – About Same as Netflix (Report)

Popular app’s sales puts it on par with Netflix’s annual revenue

Here’s something Facebook investors will probably like: Instagram, the popular pictures and messaging app owned by Facebook, brought in about $20 billion in advertising revenue in 2019, or more than a quarter of its parent company’s total revenue, according to a report from Bloomberg on Tuesday.

Instagram declined to comment on the report.

Become a member to read more.

Sean Burch

Tech reporter • • @SeanB44