According to three people familiar with financial data, ByteDance increased its investment in the field of artificial intelligence, and net profit declined by a single-digit percentage in the first half of this year, to 20 billion US dollars. According to people familiar with the matter, the company's revenue increased by about 30% year-on-year to reach 120 billion US dollars during the same period, partly due to the strong growth in TikTok's international advertising and e-commerce revenue. This means that ByteDance's growth rate has slightly accelerated compared to the past two years. People familiar with the matter said that ByteDance's revenue increased 29% last year, to about 200 billion US dollars, a growth rate similar to that in 2024; the company's net profit increased 27% last year to 42 billion US dollars. The above data also shows that ByteDance's revenue is catching up with Meta Platform. Meta's revenue also increased 30% in the first half of the year, reaching $117 billion. The valuation gap between the two companies is huge: CapLight data, which tracks transactions in the secondary market, shows that Meta's market capitalization is $1.7 trillion, while ByteDance's valuation is around $630 billion.

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