TikTok increases revenue and profit despite US pressure!
Despite US pressure, TikTok recorded a significant increase in its revenue and profit in 2023. In a statement released by the China-based company ByteDance, it was reported that TikTok increased its profit by 60 percent last year, reaching over 40 billion dollars in profit.
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In 2023, it was reported that despite US pressure, TikTok recorded a significant increase in its revenue and that the firm's profit rose by 60 percent.
According to the report in Webtekno, it was announced that the China-based company ByteDance, which owns TikTok, achieved a 60 percent profit increase last year, surpassing major competitors Tencent and Alibaba Group. It was stated that the company's profit, excluding taxes and amortization costs, exceeded 40 billion dollars, while its sales reached 120 billion dollars.