Sources: ByteDance has made preliminary plans to spend ~$23B in AI capex in 2026, up from ~$20B in 2025, and has budgeted ~$12B for AI processors
Financial Times :
Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025
ByteDance Ltd. is on track for profits of roughly $50 billion in 2025, capping a record year for a Chinese social media leader …
UK filings: TikTok's revenue in the UK, Europe, and Latin America grew 38% YoY to $6.3B in 2024, up from $2.6B in 2022
Revenue from Chinese social media giant ByteDance's short video app leapt up 38% to $6.3 billion last year in Europe even as it faces the threat of being banned in the United States.
Wag, the pet care tech company reportedly valued at ~$650M after a $300M investment from SoftBank Vision Fund in January 2018, filed for bankruptcy on July 21
It's a huge $300M miss for Softbank, but I guess when you count Alibaba, ARM, Uber, DoorDash, and ByteDance among your hits you can afford to look silly when the dog-walking one flops Mastodon: Dare O...
Sources: ByteDance replaced some TikTok Shop's US staff in Seattle with China-based managers after 2024 US revenue hit $9B, far short of its $17.5B goal
Bloomberg :
Sources: ByteDance replaced some TikTok Shop's US staff in Seattle with China-based managers after 2024 revenue hit $9B, far short of its $17.5B goal
TikTok Shop initially set a goal to increase its US e-commerce business tenfold last year to $17.5 billion in transaction volume …
Sources: ByteDance expects 2025 revenue to grow ~20% YoY to ~$186B, vs. 29% in 2024, driven by TikTok's global expansion; ByteDance has 4B+ MAUs across its apps
TikTok's owner expects sales to increase to roughly $186 billion from $155 billion in 2024, people familiar with its finances said.
Source: ByteDance's revenue from international operations, which are primarily TikTok, rose 63% to $39B in 2024; overall revenue grew 29% to $155B
The Information : Bluesky: @karlbode.com . X: @amir Bluesky: Karl Bode / @karlbode.com : give that shit to Meta, for, you know, freedom, and to uh, protect the kids from propaganda [embedded post] X:...
GroupM expects global ad industry revenue to grow 9.5% in 2024, passing $1T for the first time, with Google, Meta, ByteDance, Amazon, and Alibaba earning 50%+
Except for Linear TV See also Mediagazer
Sources: ByteDance's international revenue grew 60%+ YoY to ~$17B in H1 2024, and overall revenue grew 35% YoY to ~$73B, after growing 40% YoY in H1 2023
The Information :