TikTok, one of the most used mobile applications worldwide, can collect investors as it earns a high rate. That’s why people ask questions about TikTok’s current earnings intensely. Moreover, it is also curious how TikTok makes money as a social media platform. What are TikTok’s most popular products and services? How did TikTok get so popular? How can TikTok stars or TikTok creators contribute to this process? We will have the chance to find answers to all these questions in the rest of our content.
What Was TikTok’s 2019 Revenue?
Especially with the Coronavirus period, the increase of use in the time people spend in their homes has caused mobile applications such as TikTok more than before. TikTok earns its highest income through app-purchases. Application markets from which you download the application will warn you about app-purchases. The application is completely free to download, but you need to pay a fee to benefit from some additional features. TikTok Announced its 2019 revenue as 17 billion dollars. Bloomberg announced this number.
TikTok, which was downloaded more than 2 billion times so far, becoming more popular day by day, causes TikTok’s revenues to increase.
Where Comes TikTok’s Most Revenue?
A large part of TikTok’s revenue is generated by using app purchases by the TikTok user to benefit from additional features like advertisements. Globally, TikTok users spend 3.5 million dollars in just one month. All of these expenses are made within the application.
The extremely popular application, especially among young people, is currently ByteDance. The revenue of this company in 2017 was determined at 2.5 billion dollars.
FAQs About TikTok Making Money
Yes. In particular, you can earn a lot of money from the content you share with sponsored products within the application.
Since we’re still in the middle of 2020, no clear statement has been made. However, the figure for the first quarter of 2020 is 5.6 billion dollars.
TikTok earned $7.4 more than in 2019 than it earned in 2018
Conclusion: TikTok Making Money
The most important source of income for TikTok is app purchases. People buy these generally to take advantage of additional services within the application worldwide.