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Tiktok’s Revenue Rises To $10bn In App Stores – Report - Business - Nairaland

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Tiktok’s Revenue Rises To $10bn In App Stores – Report by Newsfrica: 3:52pm On Dec 13, 2023
TikTok, the popular short video platform by Bytedance, has had its revenue earnings rise to the $10 billion milestone in consumer spending, marking an unprecedented achievement for a non-game application.

Revealed in a report by app intelligence provider data.ai, the platform’s success highlights its dominance in the market and paves the way for potential future growth.

“This accomplishment cements TikTok’s place among the top-grossing mobile apps globally,” remarked Lexi Sydow, Head of Insights at data.ai. “Consumers are significantly contributing to the platform’s revenue, especially through the purchase of in-app ‘coins’ used for gifting creators.”
https://www.primebusiness.africa/tiktoks-revenue-rises-to-10bn-in-app-stores-report/

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