The TikTok app has been extremely popular all over the world for the past two years.
TikTok is a Chinese app, this app includes about 1.2 billion global installs and 500 million daily users.
Beyond these number users of other platforms like Twitter, LinkedIn, and Snapchat.
The TikTok app generated profits ranging from $ 7 to $ 8.4 billion in the first quarter of 2019, according to Autopia, and then profits increased fabulously after that to more than that number.
TikTok App Annual Revenue
TikTok app has annual earnings of 310% and these profits are higher than expected and this app is owned by Chinese company ByteDance.
ByteDance is a technology company based in China and one of the founders of TikTok after its merger with Mosaical Lee at the end of 2017.
After that, the application achieved very great success in the world, and the US Navy banned the use of this application within its units after leaking data for the Chinese government.
The Chinese company ” ByteDance” achieved returns and gains ranging between 75 billion dollars to 80 billion dollars annually and is still escalating with the year 2023.
This company has become a powerful threat to Chinese technology manufacturers including social media, Tencent gaming giant, and Baidu search engine.
How Were TikTok Earnings Affected by the Benefits?
TikTok includes a very powerful feature that may be the strong future for social media for the next few years.
It allows its users to watch short music videos in various attractive forms and also allows its subscribers to make videos of no more than 60 seconds in length and attach them to the visual effects and illusions from the free application library.