TikTok Drives ByteDance’s 29% Growth While China Business Slows

ByteDance Ltd.’s revenue jumped 29% to $155 billion in 2024, after online video phenom TikTok drove a worldwide expansion that helped offset an economic downturn back home in China.

Its international sales grew a much quicker 63% to $39 billion, contributing to roughly a quarter of the topline, according to people briefed on the numbers. Net profit for the year edged up to around $33 billion, they said, asking to remain anonymous discussing private information.

TikTok’s sizzling pace of growth has come into focus since Washington mandated that the social video platform find a buyer or exit its biggest ...