ByteDance’s 2024 Revenue Shows Importance of TikTok
ByteDance’s revenue from international operations, which are primarily TikTok, rose 63% to $39 billion in 2024, said a person with knowledge of the company’s financials. The international revenue accounted for a quarter of ByteDance’s total last year, the highest it has ever been, as growth in the company’s Chinese operations slowed.
The results highlight how much the Chinese tech giant has riding on the future of TikTok’s U.S. operations, which now depend on talks between the White House, ByteDance and the Chinese government. The talks are expected to become enmeshed in broader negotiations between the two governments over tariffs.
Related Knowledge Center: The TikTok ban
The U.S. Congress passed and President Joe Biden signed into law a measure banning TikTok if it weren’t sold by its Chinese ownership. But now-President Donald Trump gave the service a reprieve, and a sale of its U.S. operations appears imminent.