Court filings from FTC lawsuit against Meta show Instagram made $32.4B in ad revenue in 2021, which is more than YouTube's $28.8B in ad revenue that year (Peter Kafka/Business Insider)

Peter Kafka / Business Insider:
Court filings from FTC lawsuit against Meta show Instagram made $32.4B in ad revenue in 2021, which is more than YouTube's $28.8B in ad revenue that year  —  - Instagram generated $32.4 billion in ad revenue in 2021, making up 27% of Meta's total revenue.  — Instagram's ad revenue …

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