The present longitudinal study assessed the direction of effects between COVID-19 experiences, general well-being, socio-emotional motives for online communication, problematic social media use, and insomnia symptoms, among a sample of emerging adults at university. Participants ( N = 619; 64% female; 66% White) completed an online survey 5 months apart during the COVID-19 pandemic. Results from an autoregressive cross-lagged model showed that poorer general well-being at baseline predicted greater endorsement of socio-emotional motives for online communication and higher insomnia symptoms over time. Negative COVID-19 experiences predicted higher social (but not emotional) motives for online communication. Lastly, insomnia symptoms and more problematic social media use predicted more negative COVID-19 experiences 5 months later (but not vice versa). Understanding the mechanisms of these associations will provide a better understanding of the factors that promote positive psychosocial functioning among emerging adults during the current COVID-19 pandemic and may inform psychosocial adjustment during future pandemics.