ByteDance, the owner of TikTok, has achieved significant success with its 2019 revenue. The company, which has undertaken innovative projects in many different areas, has passed the threshold of 17 billion dollars.
ByteDance 2019 revenue: $17 billion
The China-based company ByteDance is among the most diverse companies in recent years. ByteDance operates in many different areas, from artificial intelligence to music and even smartphones.
Especially with the TikTok application, we started to hear the name of ByteDance more frequently. This situation reflected positively on the company’s revenues. By 2019, ByteDance managed to generate $17 billion in revenue. With a revenue of $7.4 billion in 2018, ByteDance managed to surpass its revenue in 2018 even in the first 6 months of 2019.
It is stated that the current market value of ByteDance is in the range of 100 billion to 180 billion dollars. Thanks to the increase in the number of users in 2020, the company is expected to exceed its revenue in 2019.
ByteDance, which follows a very successful income policy with advertising and in-app purchases, continues its rise. ByteDance currently has more than 126 cities and 60 thousand employees. Bytedance by; Softbank made a rapid entry into the market with the help of funds such as KKR.