TikTok owner ByteDance's H1 revenue better than expected at $7 billion to $8.4 billion Revenues in entire 2018 - $7.2 billion For context, India's total digital ad market - $2.44 billion FY19 going to $3.3 billion in FY20 Tweet added by Madhav Chanchani @madhavchanchani

Madhav Chanchani

5 years

TikTok owner ByteDance's H1 revenue better than expected at $7 billion to $8.4 billion Revenues in entire 2018 - $7.2 billion For context, India's total digital ad market - $2.44 billion FY19 going to $3.3 billion in FY20

Exclusive: TikTok owner ByteDance's H1 revenue better than expected at over $7 billion - sources

China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result...

www.reuters.com

1

24

106

Kunal Shah

@kunalb11

5 years

@madhavchanchani What % of the $2.44B comes by targeting the top 20M households?

5

0

15

Madhav Chanchani

@madhavchanchani

5 years

@kunalb11 No numbers, but guessing significant majority. Remember reading in the KPMG report that only 8% of digital ad spend is regional but expected to go to 30% in a few years

0

2

Replies