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TikTok APAC posts first gross profit as ad, live streaming revenue surge in 2023

TikTok APAC posts first gross profit as ad, live streaming revenue surge in 2023

FILE PHOTO: TikTok app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Social media platform TikTok’s Asia Pacific unit recorded its first gross profit in 2023, driven by strong revenue growth in its advertising and live-streaming businesses, according to regulatory filings.

Edited by: Deepshikha Monga