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ByteDance profit jumps 60%, taking it past archrival Tencent: sources

ByteDance profit jumps 60%, taking it past archrival Tencent: sources
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ByteDance profit jumps 60% to US$40 billion, taking TikTok s owner past arch-rival Tencent

ByteDance’s earnings before interest, tax, depreciation and amortisation jumped 60 per cent last year to more than US$40 billion, while sales grew by about 50 per cent to US$120 billion, people familiar said.

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TikTok s parent ByteDance sees profit surge nearly 60% in 2023

TikTok s parent ByteDance sees profit surge nearly 60% in 2023
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Tiktok US Ban: TikTok owner ByteDance s profit jumps 60% in 2023 amid worries of US ban, ET Telecom

Tiktok US Ban: The owner of TikTok and Chinese twin Douyin last year cemented its position as one of China’s internet leaders, alongside Tencent and Alibaba, which have both struggled to rekindle growth at a time of economic uncertainty and consumer wariness in the country.

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ByteDance profit jumps 60% in 2023, taking it past archrival Tencent

ByteDance profit jumps 60% in 2023, taking it past archrival Tencent
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