Bytedance Revenue Growth Rate
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Bytedance responded to the report by saying the information was untrue without elaborating.
Bytedance revenue growth rate. By julie zhu and yingzhi yang. It is largely believed that 90 of those revenues came from the chinese market. Generated more than 3 billion of net profit on over 17 billion in revenue last year figures that show the world s most valuable startup is still growing at a brisk rate. However bytedance s ad revenue surged 113 annually to 50 billion yuan 7 1.
After stellar revenue growth from usd 7 4 to usd 20 bn in 2019 170 the company aims for a modest 40 growth rate in 2020 to reach usd 28 bn. While tiktok is what bytedance is best known for globally the app contributes little to the chinese company s revenue overall. Bytedance s operating revenue has shown exponential growth in the past years from 6 billion yuan in 2016 to 16 billion yuan in 2017 and to 50 billion yuan in 2018. Hong kong beijing reuters tiktok owner bytedance is on track to generate at least 180 billion yuan 27 2 billion in advertising revenue in china this year.
A leak reported by reuters in june now shines some light on the inner revenue planning of bytedance. This marks a growth rate of over 200 each year. Bytedance annual revenue increased from 7 4 billion in 2018 to 17 2 billion in 2019 a 132 4 increase. Tiktok s parent bytedance ltd generated more than 17 billion in revenue and more than 3 billion of net profit last year figures that show the world s most valuable startup is still growing at a brisk rate according to people familiar with the matter.
This figure represents 130 growth in revenue year over. 2 spot in china s digital ad market two people with knowledge of the matter said. Tiktok owner bytedance is on track to generate at least 27 2 billion 20 5 billion pounds in advertising revenue in china this year which will cement its no. Find detailed stats on bytedance revenue on craft.
Bytedance the parent company of short video app tiktok generated 5 6 billion in revenue for the first quarter of 2020 reuters reports.
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