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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 ...
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.
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 ...
The ByteDance-owned app's ad business will skyrocket to $23.58 billion in 2024, catching up with YouTube
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 ]
In September 2015, ByteDance launched its video-sharing app TikTok (known as Douyin in China) with little fanfare. The product was an instant hit with millennials and became popular worldwide. ByteDance bought Musical.ly a year later for US$800 million and integrated it into TikTok. [12]
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