chiprook
← Business
BusinessSeptember 15, 2026, 19:00

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.

ByteDance First-Half Profit Falls to $20 Billion on AI Spending
#ByteDance#TikTok
Read next
Business

Shopify to let Meta's Muse complete purchases via Shop Pay

Business

Cut Verizon fiber cable disrupted hundreds of US flights

Business

Amazon pledges $20M to Colorado River as data center water use draws scrutiny

Business

Apple CEO John Ternus Discusses iPhone Duo Design, Siri AI, and Taking the Job