Oracle Warns That a TikTok Ban Would Dent Revenue and Profit

Oracle Corp. warned investors that a new law potentially banning TikTok in the US threatens to hurt its financial results.

The law signed by President Joe Biden in April “will make it unlawful to provide internet hosting services to TikTok” unless certain steps are taken by its China-based owners, Oracle wrote Thursday in a regulatory filing. “If we are unable to provide those services to TikTok, and if we cannot redeploy that capacity in a timely manner, our revenues and profits would be adversely impacted.” Compliance with the new law may also increase expenses, the company added.

TikTok uses ...