ByteDance generated about $120 billion in revenue in the first half of this year, up roughly 30% from a year earlier, according to The Information, which cited three people familiar with the matter. The figure would put the company slightly ahead of Meta’s roughly $117.1 billion revenue for the same period. Net profit was reported at about $20 billion, down by a single-digit percentage year over year.
The report said overseas advertising and e-commerce growth at TikTok continued, but heavier spending on artificial intelligence began to weigh on profitability. ByteDance’s overseas revenue share also rose to more than 30%, up from 25% in 2024, with most of that contribution coming from TikTok.
ByteDance is also said to be stepping up AI spending. Bloomberg previously reported that the company had discussed raising its capital expenditure this year to as much as $70 billion, mainly for AI infrastructure such as data centers. Reuters separately said ByteDance secured a $29.6 billion syndicated loan this month, with the funds mainly earmarked for AI projects outside China, including data centers in Southeast Asia.
ByteDance posted about $120 billion in revenue in the first half of this year, up roughly 30% year over year, according to The Information, which cited three people familiar with the matter. Net profit came in at about $20 billion, down by a single-digit percentage from a year earlier.
Based on those figures, ByteDance’s first-half revenue was slightly above Meta’s roughly $117.1 billion for the same period.
TikTok kept growing, but AI spending weighed on profit
The report said TikTok’s overseas advertising and e-commerce businesses continued to expand. At the same time, higher spending on AI started to drag on profitability.
ByteDance’s overseas revenue contribution also rose to more than 30%, compared with 25% in 2024. Most of that overseas revenue came from TikTok.
More spending and fresh financing tied to AI
Bloomberg previously reported that ByteDance had discussed increasing this year’s capital expenditure to as much as $70 billion, with most of the money aimed at AI infrastructure including data centers.
Earlier this month, ByteDance also obtained a $29.6 billion syndicated loan. Reuters said the financing was mainly intended for AI projects outside China, including data centers in Southeast Asia.
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