- Home
- Technology
- News
TikTok's leaves Twitter, Snapchat combined behind in ad revenue in 2022: report
The video-sharing app advertisement revenue is likely to triple in 2022 to more than $11 billion
Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to more than $11 billion, exceeding the combined sales of its rivals Twitter Inc and Snap Inc, according to research firm Insider Intelligence.
TikTok, which is owned by Chinese company ByteDance, is one of the world's most popular social media apps, with more than 1 billion active users.
"TikTok's user base has exploded in the past couple of years, and the amount of time users spend on the app is extraordinary," said Debra Aho Williamson, analyst at Insider Intelligence.
Nearly $6 billion, or more than half, of this year's ad revenue is expected to come from the United States, despite regulatory concerns over user data from U.S being passed on to China.
SOURCE: REUTERS
Over 7m animal hides expected nationwide this Eid
- 5 hours ago
Tremors felt in Karachi’s Malir and Balochistan’s Ormara
- 9 hours ago
Fire guts factories in Karachi’s Landhi zone, 5 injured
- 5 hours ago
Curfew, internet shutdown imposed in India’s Manipur amid fresh ethnic clashes
- 5 hours ago
US court jails Pakistani trader Asif Hafeez for 16 years over drug charges
- 11 hours ago
No ban on dual electricity meters, clarifies Power Division
- 10 hours ago
Trump’s travel ban on 12 countries begins Monday
- 5 hours ago
Gwadar shaken by shallow earthquake
- 6 hours ago
Grief on Eid: Gaza sees heavy civilian death toll
- 5 hours ago
Four killed, two injured as car falls into ravine in D.I. Khan
- 8 hours ago
TikTok star Khaby Lame detained at US airport over visa violation
- 10 hours ago
Iran says it has acquired Israel’s full nuclear archive
- 4 hours ago
