Latest reports indicate that ByteDance is poised to achieve an all-time high in annual net profit this year.

On Friday, December 19 (Eastern Time), media outlets, citing people familiar with the matter, stated that ByteDance had accumulated approximately $40 billion in net profit in the first three quarters of 2025, and its full-year net profit is expected to reach around $50 billion, a record high. The company has exceeded its internal profit target set at the beginning of the year, bringing its profitability close to that of US social media giant Meta Platforms Inc., which is projected to earn about $60 billion in profit this year.

In terms of revenue, ByteDance has also maintained robust growth, with an estimated year-on-year increase of over 20% in 2025. Based on previously reported revenue targets, the company is approaching Meta's expected annual revenue of roughly $200 billion this year.

A ByteDance spokesperson did not immediately respond to requests for comment.

Monthly active users of ByteDance's apps have surpassed 4 billion, on par with Meta's scale. The company's rapid growth has been driven by aggressive expansion in e-commerce and new markets, particularly the global surge of TikTok and its bold push into live-stream shopping.

Revenue Target Likely to Be Met

Founded in 2012, ByteDance owns several of China's most popular digital services, including Douyin. It is competing with domestic and international peers such as Alibaba and Tencent in the field of artificial intelligence (AI), developing large language models, chatbots, and other related services.

According to past reports, ByteDance has maintained a strong revenue growth rate of over 20% in recent years, while its valuation has continued to rise due to its foray into AI. Widely regarded as a leader in China's AI sector, the company is said to have invested billions of US dollars in purchasing overseas chips, building AI infrastructure, and developing relevant models.

As reported in May this year, ByteDance set a revenue target of approximately 186 billion US dollars for 2025, representing a year-on-year increase of about 20%. Although this growth rate is slightly slower than the 29% recorded last year, the target is expected to be achieved, putting the company's revenue just slightly below Meta's level.

In August, reports indicated that ByteDance's revenue exceeded $43 billion in the first quarter, making it the world's highest-grossing social media company for the period, surpassing Meta's $42.3 billion in the same quarter. In the second quarter, ByteDance's revenue rose further to around $48 billion, a year-on-year increase of 25%. Both ByteDance and Meta achieved revenue growth of over 20% in the second quarter, thanks to strong advertising demand.

Valuation Continues to Climb

Over the past two years, a growing number of investors have raised their valuations of ByteDance. SoftBank's Vision Fund revalued ByteDance last year at over $400 billion, partly due to its growing influence in generative AI. Fidelity Investments and T. Rowe Price Group Inc. have given valuations of more than $410 billion and $450 billion, respectively.

As a privately held company, ByteDance provides liquidity to employees through semi-annual share buybacks. In August, media reported that ByteDance launched a new round of share repurchases at a price of $200.41 per share, valuing the company at over $330 billion—an increase of 5.5% from $315 billion approximately six months earlier.

Last month, Wall Street News noted that China-based investment firm Capital Today acquired a stake in ByteDance through an equity auction at a valuation of $480 billion, with a transaction value of $300 million, making it one of ByteDance's largest secondary market transactions this year.

At that time, media reported that seven institutions participated in the bidding for the aforementioned shares, and the final transaction price was pushed up to approximately $300 million, corresponding to a valuation of nearly $500 billion. The fierce bidding process reflected the capital market's continued optimism about ByteDance's layout in AI technology and global business expansion.

According to data from CB Insights, with a valuation of $480 billion, ByteDance has surpassed SpaceX to become the world's second-most valuable startup, second only to OpenAI, which has a valuation of $500 billion.

Latest reports indicate that ByteDance is poised to achieve an all-time high in annual net profit this year.

On Friday, December 19 (Eastern Time), media outlets, citing people familiar with the matter, stated that ByteDance had accumulated approximately $40 billion in net profit in the first three quarters of 2025, and its full-year net profit is expected to reach around $50 billion, a record high. The company has exceeded its internal profit target set at the beginning of the year, bringing its profitability close to that of US social media giant Meta Platforms Inc., which is projected to earn about $60 billion in profit this year.

In terms of revenue, ByteDance has also maintained robust growth, with an estimated year-on-year increase of over 20% in 2025. Based on previously reported revenue targets, the company is approaching Meta's expected annual revenue of roughly $200 billion this year.

A ByteDance spokesperson did not immediately respond to requests for comment.

Monthly active users of ByteDance's apps have surpassed 4 billion, on par with Meta's scale. The company's rapid growth has been driven by aggressive expansion in e-commerce and new markets, particularly the global surge of TikTok and its bold push into live-stream shopping.

Revenue Target Likely to Be Met

Founded in 2012, ByteDance owns several of China's most popular digital services, including Douyin. It is competing with domestic and international peers such as Alibaba and Tencent in the field of artificial intelligence (AI), developing large language models, chatbots, and other related services.

According to past reports, ByteDance has maintained a strong revenue growth rate of over 20% in recent years, while its valuation has continued to rise due to its foray into AI. Widely regarded as a leader in China's AI sector, the company is said to have invested billions of US dollars in purchasing overseas chips, building AI infrastructure, and developing relevant models.

As reported in May this year, ByteDance set a revenue target of approximately 186 billion US dollars for 2025, representing a year-on-year increase of about 20%. Although this growth rate is slightly slower than the 29% recorded last year, the target is expected to be achieved, putting the company's revenue just slightly below Meta's level.

In August, reports indicated that ByteDance's revenue exceeded $43 billion in the first quarter, making it the world's highest-grossing social media company for the period, surpassing Meta's $42.3 billion in the same quarter. In the second quarter, ByteDance's revenue rose further to around $48 billion, a year-on-year increase of 25%. Both ByteDance and Meta achieved revenue growth of over 20% in the second quarter, thanks to strong advertising demand.

Valuation Continues to Climb

Over the past two years, a growing number of investors have raised their valuations of ByteDance. SoftBank's Vision Fund revalued ByteDance last year at over $400 billion, partly due to its growing influence in generative AI. Fidelity Investments and T. Rowe Price Group Inc. have given valuations of more than $410 billion and $450 billion, respectively.

As a privately held company, ByteDance provides liquidity to employees through semi-annual share buybacks. In August, media reported that ByteDance launched a new round of share repurchases at a price of $200.41 per share, valuing the company at over $330 billion—an increase of 5.5% from $315 billion approximately six months earlier.

Last month, Wall Street News noted that China-based investment firm Capital Today acquired a stake in ByteDance through an equity auction at a valuation of $480 billion, with a transaction value of $300 million, making it one of ByteDance's largest secondary market transactions this year.

At that time, media reported that seven institutions participated in the bidding for the aforementioned shares, and the final transaction price was pushed up to approximately $300 million, corresponding to a valuation of nearly $500 billion. The fierce bidding process reflected the capital market's continued optimism about ByteDance's layout in AI technology and global business expansion.

According to data from CB Insights, with a valuation of $480 billion, ByteDance has surpassed SpaceX to become the world's second-most valuable startup, second only to OpenAI, which has a valuation of $500 billion.