I might be mistaken but didn't Tiktok report $36B revenue for last year and they are way more young compared to YouTube.
YT has much more variety of content than Tiktok like music videos, educational content etc. Bytedance's numbers seem mind boggling when you take into account this. An amusing thing is that Bytedance competes with YouTube in US but YouTube wasn't allowed to in Bytedance's home country.
Translation mine: According to Bloomberg, ByteDance's 2020 ad revenue was 183.1B RMB [US$28B, seems to be from 1], with Douyin making up 60% of that [corroborated by 2]... Overseas short video platform TikTok also makes up a small portion of that.
For growth [2]:
而据传，2019年字节跳动全年营收约1400亿元，其中广告收入约1200亿元
Translation mine: ByteDance's 2019 revenue was 140B RMB, of which 120B RMB was ad revenue.
So Douyin makes 60% * US$28B/year ~= US$17B/year for 2020 and 183/120 ~= 53% growth (2019 to 2020).
Thanks for translating these. BBC quotes the total revenue number at $34B. That would mean non ad revenue doubled from 3 to 6 billion dollars. I wonder what constitutes non ad revenue.
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I might be mistaken but didn't Tiktok report $36B revenue for last year and they are way more young compared to YouTube.
YT has much more variety of content than Tiktok like music videos, educational content etc. Bytedance's numbers seem mind boggling when you take into account this. An amusing thing is that Bytedance competes with YouTube in US but YouTube wasn't allowed to in Bytedance's home country.
That's the revenue for ByteDance, which is more than just Tiktok (though it's probably it's most popular product)
Reading Chinese news [0] on this:
Translation mine: According to Bloomberg, ByteDance's 2020 ad revenue was 183.1B RMB [US$28B, seems to be from 1], with Douyin making up 60% of that [corroborated by 2]... Overseas short video platform TikTok also makes up a small portion of that.
For growth [2]:
Translation mine: ByteDance's 2019 revenue was 140B RMB, of which 120B RMB was ad revenue.
So Douyin makes 60% * US$28B/year ~= US$17B/year for 2020 and 183/120 ~= 53% growth (2019 to 2020).
[0] https://finance.sina.com.cn/tech/2021-06-18/doc-ikqciyzk0383...
[1] https://www.bloomberg.com/news/articles/2021-04-16/bytedance...
[2] https://www.36kr.com/p/965252059471619
Thanks for translating these. BBC quotes the total revenue number at $34B. That would mean non ad revenue doubled from 3 to 6 billion dollars. I wonder what constitutes non ad revenue.
https://www.bbc.com/news/business-57522368