ByteDance First-Half Profit Falls to $20 Billion on AI Spending
ByteDance's net profit fell by a single-digit percentage to $20 billion in the first half as AI investment rose. Revenue grew about 30% year over year to $120 billion, driven by TikTok advertising and e-commerce.
- First-half net profit was $20 billion, down a single-digit percentage
- Revenue rose 30% year over year to $120 billion
- Full-year 2025 revenue was about $200 billion, up 29%
- Full-year 2025 profit was $42 billion, up 27%
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