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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 ...
ByteDance Ltd-owned TikTok has slashed its worldwide revenue targets for 2022 by at least $2 billion, becoming the latest tech giant hit by a global slump in online spending. TikTok CEO Shou Zi ...
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 ...
TikTok: ByteDance China: 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 [5] 2013 950 million [6] 8 LinkedIn: Microsoft United States: 2003 930 million [7] 700 million registered users [7] 9 Snapchat: Snap Inc ...
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.
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 ]
A study by MRC Data found in July 2021 that 67% of TikTok users are estimated to be more likely to look up songs on digital streaming platforms after hearing them on TikTok. [16] While launching the chart, Billboard described TikTok as "the world’s most powerful platform for music discovery and promotion". [1]
The ByteDance-owned app's ad business will skyrocket to $23.58 billion in 2024, catching up with YouTube