TikTok aims for Rs 100 Cr in ad revenue in Q3 2020
TikTok’s parent company ByteDance has posted more than $3 billion dollars in net profit on $17 billion revenue in 2019
TikTok, which earned Rs 23-25 crore in ad revenue in Q4 2019, has reportedly set its target higher for Q3 2020. The ByteDance-owned app will be aiming for Rs 100 crore in ad revenue, four times its earnings in Q42019. The short video format app boasts of 120 million users in India and has more than 800 million users worldwide.
TikTok’s parent company ByteDance generated more than $3 billion dollars in net profit on $17 billion revenue. According to industry estimates, its ad revenue has more than doubled compared to its earnings in 2018 year thanks to the tremendous growth in its user traffic.
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