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PortuguêsByteDance, TikTok's parent company, is set to rival Meta in revenue this year, with projected earnings of $186 billion. The Chinese firm boasts over 4 billion monthly users, similar to Meta's reach. U.S. regulatory pressures continue to loom over TikTok's operations.
ByteDance, the parent company of TikTok, is projected to nearly match the size of Meta this year. The Chinese firm aims for a revenue growth of about one-fifth, reaching $186 billion, according to sources cited by Bloomberg. Meta, which owns Facebook and Instagram, expects revenue of $187 billion.
ByteDance reports over 4 billion monthly active users across its apps, with TikTok being the most prominent. These figures are comparable to Meta's user base.
ByteDance's rapid growth has drawn attention, particularly in the U.S., where a law passed last year mandates ByteDance to divest control of TikTok in the U.S. or face a ban. President Donald Trump has extended the deadline twice, now set for June.
