TikTok Revenue Soared 142% in 2021

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Vika Azkiya Dihni 24/04/2022 15:00 WIB

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According to a Business of Apps report, TikTok's revenue reached US$4.6 billion in 2021. This figure soared 142% compared to 2020, which was US$1.9 billion.

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TikTok Revenue (2017-2021)

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According to a Business of Apps report, TikTok's revenue reached US$4.6 billion in 2021. This figure soared 142% compared to 2020, which was US$1.9 billion.

This rapid increase in TikTok's revenue was driven by a surge in the number of users. By the second quarter of 2021, TikTok had 1 billion users, significantly more than the 700 million users in the previous year.

Looking at the trend, TikTok's revenue has steadily increased since 2017. At that time, the short-video application only generated US$63 million in revenue.

Its value continued to climb until 2021, with an average annual increase of 214%. The highest increase occurred in 2020, reaching 442.8%.

With the implementation of community activity restrictions during the pandemic, TikTok's popularity increased dramatically. These restrictions led to a significant increase in the intensity of social media use, including TikTok.

(Read Also: 10 Most Liked TikTok Videos, Who Are the Champions?)

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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TikTok Revenue Soared 142% in 2021

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