TikTok Drives ByteDance’s 29% Growth While China Business Slows
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ByteDance Ltd.’s revenue jumped 29% to $155 billion in 2024, after online video phenom TikTok drove a worldwide expansion that helped offset an economic downturn back home in China.
Its international sales grew a much quicker 63% to $39 billion, contributing to roughly a quarter of the topline, according to people briefed on the numbers. Net profit for the year edged up to around $33 billion, they said, asking to remain anonymous discussing private information.