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TikTok Revenue Reaches US$1.6 Billion in Q2 2022

Cindy Mutia Annur 01/11/2022 18:10 WIB

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TikTok earned US$1.64 billion, or approximately Rp25.62 trillion, in revenue during the second quarter of 2022.

TikTok Application Revenue (Q1 2017 - Q2 2022)

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TikTok Application Revenue (Q1 2017 - Q2 2022)

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The short-form video sharing application, TikTok, earned US$1.64 billion, or approximately Rp25.62 trillion, in the second quarter of 2022 (using an exchange rate of Rp15,627/US$). According to data from *Business of Apps*, this figure represents an 18.81% increase compared to the previous quarter (quarter-to-quarter/qtq).

TikTok's revenue also increased by almost 50% year-on-year (year-to-year/yoy). In the second quarter of 2021, the application developed by ByteDance recorded revenue of US$1.09 billion.

The trend shows that TikTok's revenue has been steadily increasing since the beginning of 2017. In the first quarter of 2017, the revenue of this Chinese-made application was only US$11 million.

Note that the TikTok application was launched in September 2016.

Furthermore, the number of active TikTok users worldwide reached 1.46 billion by the second quarter of 2022. This figure represents a 4.86% increase quarter-to-quarter (qtq) and a 62.52% increase year-on-year (yoy).

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 Reaches US$1.6 Billion in Q2 2022

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