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Authored by Oxford Economics, the commissioned study claims TikTok drove $14.7 billion in revenue in a dozen key sectors in the US economy and contributed $24.2 billion to overall GDP in 2023.
ByteDance's revenue of $120 billion in 2023 was up about 40% from a year earlier, driven by TikTok's exploding growth, although China accounts for a big portion of the company's sales, the FT ...
By the end of 2024, TikTok has generated approximately $8 billion in ad revenue in the U.S. As revealed by Omdia’s Senior Research Director María Rua Aguete at a Content Americas panel, it ...
TikTok: ByteDance United States [5] 2016 1.582 billion [3] 5 WeChat: Tencent China: 2011 1.343 billion [3] 6 Messenger: Meta Platforms United States: 2011 1.01 billion [3] 7 Telegram: Telegram United Arab Emirates [6] 2013 950 million [7] 8 LinkedIn: Microsoft United States: 2003 930 million [8] 700 million registered users [8] 9 Snapchat: Snap ...
According to newly released third-party data, TikTok has reason to dance. The famous short-video application saw its in-app purchase revenue rise 310% on a year-over-year basis, according to ...
In May 2022, TikTok announced TikTok Pulse, an ad revenue-sharing program. It covers the "top 4% of all videos on TikTok" and is only available to creators with more than 100,000 followers. If an eligible creator's video reaches the top 4%, they will receive a 50% share of the revenue from ads displayed with the video. [109]
The ByteDance-owned app's ad business will skyrocket to $23.58 billion in 2024, catching up with YouTube
TikTok initially projected revenues between $12 billion - $14.5 billion this year, but actual revenue will likely be closer to $10 billion. Also Read: TikTok Eyes Live Shopping in US While Tak