How many reels are played daily on
instagram
and
facebook
?
Meta continued to
show a
high
level of
user
interaction
for
Reels,
its short video content
Third quarter revenue totaled $27.7 billion, down 4% from
Q3 2021:
$29
billion.
Meta previously announced that Instagram Reels hit $1
billion in annual revenue in
the second quarter
Zuckerberg
found that the
Reels are
creating
a headwind of
more than
$500 million
in
quarterly revenue.
Over
140 billion reels
are played daily on
Instagram and
Facebook
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