Key financial figures of ByteDance Q1 2022-Q2 2023
In the second quarter of 2023, TikTok's parent ByteDance reported 29 billion U.S. dollars in revenues, increased by over 40 percent compared to the same period in the previous year. Founded in 2012 in Beijing, the company has become the most valuable startup globally. Its most well-known short video app TikTok has been downloaded more than three billion times across the world.