45 Facebook Statistics Marketers Need to Know in 2024
Despite being almost 20 years old, Facebook continues to be an absolute behemoth in the social media world—one that brands and social media marketers can’t afford to ignore.
So we’ve pulled together dozens of essential Facebook statistics, updated for 2024, to help paint a picture of just what’s happening on Facebook right now. Consider this your cheat sheet for understanding the ever-changing demographics, user behavior, and advertising practices of the OG social network.
#1 Social Media Tool
Create. Schedule. Publish. Engage. Measure. Win.
Free 30-Day Trial
General Facebook stats
1. Facebook has more than three billion monthly active users
As of the second quarter of 2023, Facebook had 3.05 billion monthly active users, despite the app’s declining popularity among the youth demographic. Meta also reported in the spring of 2023 that 3.96 billion people use at least one of their core products (Facebook, Instagram, WhatsApp, or Messenger) every month.
2. More than 2 billion people use Facebook daily
The number of daily active users Facebook has is almost more impressive than its monthly numbers: 2.09 billion users log in to the app or site each day—a number that’s up 5% since 2023.
3. Facebook is the most popular social network in the world
With that number of monthly active users, it’s probably no surprise to learn that Facebook ranks as the most-used social network in the world currently. The runner-up, YouTube, has a mere 2.4 billion monthly active users in comparison.
4. Facebook.com is the third-most visited website
According to SimilarWeb, Facebook ranks third in the world—under Google (#1) and YouTube (#2).
5. 1.3 billion fake Facebook accounts are removed quarterly
Spam accounts and fraudulent accounts are an issue for the social media platform. On average, more than one billion fake Facebook accounts are removed each quarter.
6. India is Facebook’s biggest audience
With 314 million users, India has more accounts than any other country in the world. The United States is the second most active country on Facebook, with 175 million users. (Indonesia, Brazil, and Mexico follow.)
7. By 2027, Facebook will reach 75% of the world’s population
Statisticians project that Facebook’s reach will continue to grow in the next several years, and by 2027, may reach 75.79% of people around the world.
8. 30% of U.S. adults regularly get news from Facebook
YouTube is the second-most popular social media source for news, but Facebook takes the lead with 30% of American adults.
9. The best time to post on Facebook is between 8:00 a.m. and noon, Tuesday or Thursday
Of course, your mileage may vary. The best time to post on Facebook really depends on your specific audience and their social habits, but on average, posting between 8:00 a.m. and 12:00 p.m. on Tuesdays and Thursdays seems to be a sweet spot. (Hot tip: Hootsuite’s scheduling tool can suggest custom posting times to optimize your reach.)
Facebook user stats
10. More than 56% of Facebook users are male
The Facebook user base skews more male than female in 2024 (though please note that this data set did not account for non-binary users). 56.3% of users identify as male, while 43.7% of users identify as female.
11. 5.6% of Facebook users are over 65 years old
Though Facebook increasingly has a reputation as a safe space for boomers, there is minimal participation from users of this demographic. Only 5.6% of Facebook users are older than 65.
12. Millennials make up almost half of Facebook’s audience
The group that first launched Facebook to world fame is still highly active on the social media platform. Just over 49% of users are between the ages of 25 and 44.
13. Teenagers are less likely to use Facebook now than they were 10 years ago
Things change a lot in a decade. According to Pew Research, only 33% of teenagers have an active Facebook account, down from 71% in 2014-2015.
14. Only 19% of teens use Facebook daily
And just 3% of teenagers aged 13 to 17 report that they’re on Facebook “almost constantly.” YouTube and Tiktok, on the other hand, have captured the teen market: 71% of teenagers visit YouTube daily and 58% open up TikTok on that schedule.
15. Middle- or lower-income teens are more likely to use Facebook than teens from higher-earning families
While fewer teenagers are using Facebook overall, those who are using it tend to come from lower- or middle-income families. For instance, 45% of teenagers from families with annual incomes under $30,000 report using Facebook, but only 27% of teens from homes with annual incomes of $75,000 or more do the same.
16. More than 20% of Facebook users are between 18 and 24
Maybe they’re on TikTok, too, but that valuable 18-to-24-year-old demographic accounts for 21.5% of Facebook’s large audience.
Facebook usage stats
17. Users spend almost 20 hours a month on Facebook
It’s practically a part-time job! Facebook users on average log in to the app or website almost 20 hours a month. That works out to an average of about 40 minutes per day.
18. The average engagement rate is less than 1%
Don’t be discouraged if you’re not getting the likes and comments you once were. It’s totally normal to have a low engagement rate. In fact, the average Facebook Page has an average fan engagement of just 0.07%.
19. Image posts have the highest engagement
While the average engagement rate overall can be quite low on Facebook Pages, images tend to capture a little more action, with an average interaction rate of 0.12%.
Get our 2024 Social Trends report, and dig into the juicy data that’ll help you reach your goals in 2024—which is shaping up to be social’s best year yet.
20. Link posts have the lowest engagement
Maybe this is your sign to stop sharing so many links? Link posts on Facebook Pages have the lowest engagement rate of any type of Facebook post, with 0.03%.
21. More than 80% of people access Facebook on their phones
If you were waiting for a sign to go mobile-first with your campaign designs, this is it: 81.8% of Facebook users only use a mobile phone. Only 1.5% use a laptop or desktop exclusively.
Facebook stats for business
22. More than a billion people connect with businesses on Facebook each week
That Facebook Messenger is a powerful tool. Sheryl Sandberg reported that every single week, more than a billion Facebook users reach out to businesses using Facebook’s messaging tool.
23. 200 million businesses use Meta apps
Facebook and its sister apps (Instagram, WhatsApp) are in the business of helping small business, it seems. More than 200 million brands use the platforms to create virtual storefronts and connect with customers every single month.
24. 91% of organizations have a Facebook presence
Businesses of all kinds use Facebook, and the numbers don’t lie. More than 90% of brands have a presence on Facebook. Instagram and LinkedIn are the other most common social media platforms for businesses to use. The least likely? BeReal.
25. …but only 62% of brands are confident that Facebook delivers ROI
Though most modern brands do turn to Facebook for marketing and advertising purposes, only 62% of companies report that they feel an investment in Facebook has brought them a return on that money.
26. The most popular Facebook Fan Page is… Facebook
The most popular Facebook Fan page is for Facebook itself (with more than 214 million fans). Other top brands (or celebrities) on Facebook include Samsung, Cristiano Ronaldo, Real Madrid CF, Coca-Cola, FC-Barcelona, and Shakira.
27. Brands post an average of 5 times a week on Facebook
Those benchmarks change quite significantly, depending on your industry, though. Media brands post far more than average (73.5 posts a week), while food and beverage companies do much less (2.5).
28. More than half of users take action after seeing a brand’s Story.
58% of Facebook users browse a brand’s website for more info after seeing a product or service in a Facebook Story. (And 31% report going to a store to check out a business in person!)
Facebook ad stats
29. Facebook revenues will hit $170 billion this year
Facebook’s 2023 annual global revenue was about $152 billion USD. Ad execs are predicting a banner year for 2024, though, estimating a $170.82 billion revenue, a rebound from a few years of pandemic-influenced slump.
30. Facebook’s ad reach is 1.98 billion
If you’re advertising on Facebook in 2024, you’ve got a potential ad reach of 1.98 billion people.
31. Ad impressions increased by 31% last year
Across Meta’s family of apps (Facebook, Instagram, WhatsApp, and Messenger), ad impressions went up by more than a third, all while the average price per ad dropped by 6%.
32. The average click-through rate on Facebook ads is 1.4%
When sorted by industry, apparel and footwear had the highest CTR for Facebook ads, at 2.06%; healthcare Facebook ads only had a 0.73% click-through rate. But clickthroughs aren’t the only way to measure the success of your social media ad campaign. Impressions might be a more meaningful number, depending on your social media goals.
Facebook shopping stats
33. 37% of Facebook users will make a purchase on the platform in 2023
Facebook Shops are booming in popularity and allow shoppers to explore and purchase products within the app itself. This goes beyond just social selling: this is full-on ecommerce.
34. Facebook is the leading platform for social commerce
In 2022, 63.5 million people made at least one purchase via Facebook. Instagram is a close second, putting Meta at the top of the charts for social-media shopping experiences. This stat includes Marketplace in addition to Facebook Shops, a sales opportunity more brands might want to consider.
35. 19% of U.S. consumers start their shopping search on Facebook
When people are ready to research their next purchase (big or small), they’re increasingly likely to turn to social instead of a search engine. While Amazon, search engines, and Google are at the top of the shopping pipeline still, Facebook is creeping up as a contender. Better polish up those social SEO skills.
Facebook video stats
36. 50% of time spent on Facebook is spent on video
According to Facebook, 50% of time spent on Facebook or Instagram is spent watching video content.
37. More than 2 billion people watch videos on Facebook each month
And a whopping 74% of Facebook In-Stream non-skippable video ads are viewed all the way through.
38. Facebook Reels accounted for 3.3% of ad impressions on the platform in 2022
But Reels ads have about half the potential audience of Stories ads. Advertisers with a solid Reels advertising strategy can gain an advantage by getting in on this ad placement while it’s still a relative novelty.
39. Reels’ share of daily social time is plateauing
After a hot start, Reels is now revenue-neutral. Meta said in its Q3 earnings that it will change its focus from reels to video in a more comprehensive way.
40. 65% of U.S. users like watching Stories to feel close to friends
That’s not the only benefit reported for Instagram Stories. More than 70% of U.S. users agree Stories allow them to experience new things vicariously, while 57% say Stories make them feel part of a community.
41. Vertical video with audio has a 35% higher click-through rate on Facebook
Want your Reels ads to really stand out? Incorporate audio.
Facebook reports that vertical video ad spots that include audio feature a 35% higher click-through rate than video ads without sound. You’ll also see improved conversion rates and improved ROI for your ad spend. (Adding Reels to existing campaigns also increases click-through rates across all ad placements by 56%!)
Facebook Threads stats
42. Threads reached 1 million users faster than any other app in history
In its first five days, Threads earned over 100 million sign-ups. This broke the previous record set by ChatGPT. Instagram itself took two and a half months to reach that number of users.
43. Instagram Threads currently has 15.36 million active users
A pretty impressive number, even with some attrition after its blockbuster launch in the summer.
44. India is the country with the most Threads users
More than 54 million users downloaded the Instagram Threads app in July 2023 — that was 33.5% of all Threads users at that time.
45. Visits to Threads’ website are dropping
Right out of the gate, Threads (run by Meta) was a hot-ticket platform, with 50.22 million visits in its first week. But as of October 2023, Threads is generating 10.56 million visitors weekly.
Manage your Facebook presence alongside your other social media channels using Hootsuite. From a single dashboard, you can schedule posts, share videos, engage your audience, and measure the impact of your efforts. Try it free today.
Get Started
Grow your Facebook presence faster with Hootsuite. Schedule all your social posts and track their performance in one dashboard.
Free 30-Day Trial
The post 45 Facebook Statistics Marketers Need to Know in 2024 appeared first on Social Media Marketing & Management Dashboard.
http://dlvr.it/T1Gskn
No comments