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ByteDance’s gross revenue rose 93% to $19 billion final 12 months

by BVCadmin
June 17, 2021
in Finance
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ByteDance's gross profit rose 93% to $19 billion last year - WSJ
© Reuters. FILE PHOTO: The ByteDance emblem is seen on this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photograph

(Reuters) – TikTok Proprietor ByteDance’s gross revenue surged 93% to $19 billion final 12 months, whereas its internet loss for 2020 totaled $45 billion, the Wall Road Journal reported on Thursday, citing a memo.

The corporate’s income final 12 months greater than doubled to $34.3 billion, the newspaper stated https://on.wsj.com/3iI3mb0.

Disclaimer: Fusion Media wish to remind you that the information contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs will not be supplied by exchanges however fairly by market makers, and so costs might not be correct and will differ from the precise market worth, that means costs are indicative and never applicable for buying and selling functions. Subsequently Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the data together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding kinds potential.





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