TikTok Revenue Down 4.62% in Q3 2022

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Cindy Mutia Annur 30/11/2022 11:20 WIB

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According to Business of Apps data, TikTok's revenue in Q3 2022 was US$1.56 billion, or approximately Rp24.55 trillion (using an exchange rate of Rp15,738/US$). This represents a 4.62% decrease compar

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TikTok App Revenue (Q1 2017 - Q3 2022)

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According to Business of Apps data, TikTok recorded revenue of US$1.56 billion, or approximately Rp24.55 trillion, in the third quarter of 2022 (using an exchange rate of Rp15,738/US$). This figure represents a 4.62% decrease quarter-to-quarter (QtQ).

However, TikTok's revenue increased by 29.71% year-over-year (YoY). The short-form video sharing app recorded revenue of US$1.2 billion in the third quarter of 2021.

TikTok achieved its highest revenue since 2017 in the July-September period of this year. In the second quarter of 2022, the ByteDance-developed application generated revenue of US$1.64 billion.

Since its launch in September 2016, TikTok's revenue has generally increased since the beginning of 2017. The revenue of this Chinese-made application has seen a dramatic surge since the COVID-19 pandemic, beginning in early 2020.

Currently, TikTok's active users worldwide have reached 1.53 billion as of the third quarter of 2022. This number is up 4.63% quarter-over-quarter (QtQ) and 47.92% year-over-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."