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Creator Economy Revenues Forecast 2024: The Way Creators Make Money on Social Media Is Changing

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    Report

  • May 2024
  • Region: Global
  • Emarketer
  • ID: 5979448

The creator economy is maturing. While brand deals are still the No. 1 revenue stream for creators, more are going directly to consumers to monetize.

Creators are diversifying their revenue streams beyond influencer marketing. That’s a net positive for the creator economy, but it also puts some creators in direct competition with brands for consumer spending.

Key Question:  How much are creators earning from their activities on social media, and how do their evolving monetization strategies affect marketers?

Key Stat:  Creator revenues in 2024 from tipping ($160 million), subscriptions ($270 million), and merchandising ($450 million) on social media will each have at least tripled between 2021 and 2024.

Key Report Features:

  • 2 Exportable files for easy reading, analysis and sharing.
  • 8 Charts: Reliable data in simple displays for presentations and quick decision making.

Table of Contents

  • Executive Summary
  • Creators are diversifying their revenue streams
  • Creators are going direct-to-consumer
  • Affiliate marketing will be a $1 billion-plus business for creators this year
  • Platform payouts are a headache, but can be lucrative
  • What does this mean for marketers and the platforms?
  • Sources
  • Media Gallery

Charts in This Report

  • Creators Make the Most Money From Brand Deals, but Their Earnings Breakdown Is Changing (billions in US social media creator revenues, by stream, 2021 & 2024)
  • US Creator Revenues From Social Media Tipping and Gifting, 2021-2025 (billions and % change)
  • How US Consumers Prefer to Support Their Favorite Creators, April 2023 (% of respondents)
  • US Creator Revenues From Social Media Subscriptions, 2021-2025 (billions and % change)
  • US Creator Revenues From Social Media Merchandising, 2021-2025 (billions and % change)
  • US Creator Revenues From Social Media Affiliate Marketing, 2021-2025 (billions and % change)
  • Topics That US Creators Who Participate in Affiliate Marketing Programs Post Most Commonly About, Oct 2023 (% of respondents)
  • US Creator Revenues From Social Platform Payouts, 2021-2025 (billions and % change)