TikTok Revenue and Valuation
Microsoft looks to potential TikTok acquisition. Some interesting stats in a recent WSJ article covering revenue and valuation:
- Revenue: "TikTok globally isn’t profitable. ByteDance projects the app will have $1 billion in revenue this year and $6 billion next year, said a person familiar with it."
- Valuation: "ByteDance was valued at $100 billion in a March fundraising round. Some investors prepared a bid that valued TikTok as a stand-alone at more than $30 billion, according to one person briefed on the bid."
Source: Georgia Wells, Michael C. Bender, Kate O’Keeffe an | “Microsoft Aims for a Deal to Buy TikTok’s U.S. Business” | The Wall Street Journal | 8/2/2020 | Visit