TikTok revenue dances past YouTube
Natasha GillezeauReporter
TikTok's parent company ByteDance earned over US$17 billion of revenue in 2019, and a net profit of US$3 billion, according to a Bloomberg report citing people familiar with the matter.
This means that during the same period, ByteDance earned more revenue than Google-owned competitor YouTube, which took home US$15 billion revenue in 2019.
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Natasha Gillezeau is a journalist for The Australian Financial Review based in the Sydney office. Connect with Natasha on Twitter. Email Natasha at natasha.gillezeau@afr.com.au
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