In a short time, TikTok has become a favorite entertainment application for children, teenagers, but also adults who use it a lot. Whether in France or around the world, TikTok appears every month in the TOP 5 most downloaded apps on the App Store and Google Play Store, not surprisingly, it is profitable for both turnover and net profit!
TikTok, is growing in popularity in France
Whether it’s YouTube with its Shorts or Instagram with its Reels, no one has managed to beat TikTok in the smartphone short video sector. The Chinese company ByteDance continues its journey and sprays new record with more and more loyal users, but also increased net income!
according to the media the Informed, TikTok experienced good turnover and profit growth in France last year. Indeed, compared to 2020, ByteDance is proud to announce that France’s revenue has increased multiplied by 11.5. This is due to the frequency of TikTok in France, roughly 19.5 million users scroll through the videos at least once a month.
In 2020, ByteDance has indicated a turnover of 2.5 million euros in France for its TikTok app. In 2021, revenue increased to €29.6 millionvery little profit at only 415,371 euros!
Luckily, TikTok can rely on other countries to improve its financial results, the entertainment app is reaping the rewards several billion dollars every year. For 2022 ad revenue, ByteDance expects TikTok to generate $10 billion, down $2 billion from its initial estimate.
Currently, the countries that earn the most from TikTok are the United States and China. In 2020, India is among the countries with the best turnover rates, but Ram Nath Kovind’s government has prohibited access to applications across the country, it led to the loss of millions and millions of regular users to TikTok!
Download the free app TikTok: It starts with you
