end of 2016 Appearing as the heir apparent of Musical.ly TikTok has managed to become a social platform used by the whole world in a very short time. The platform has been so successful that Even Instagram and YouTube have tweaked TikTok’s “short video” system.

The Chinese social media giant’s report released today revealed TikTok’s revenue last year. Despite being relatively new compared to its competitors, TikTok has held a dominant position within social media platforms for years. Looks like he’s going to sweat on Instagram.

Revenue of more than $1 billion in 2021

The platform, which explains the total turnover in international markets, over $1 billion announced its approval. This figure is compared to the company’s total revenue in 2021. 477% more. It was also announced that the company’s total revenue was $279 million in the UK alone.

Although only 4 years have passed since its launch in the global market, giant platforms like TikTok, Facebook, Instagram and YouTube still have the revenue they earned in the first 4 years of their debut. much past has won something. The Chinese social media giant is in direct proportion to this growth. has also doubled the number of employees worldwide.

The published financial report also announced the company’s advertising costs for the past 1 year. TikTok will be fully deployed in the “Sales and Marketing” department in 2021. He stated that he had invested $666 million. It seems that the company has made a great return on this investment.

Especially in the global market, it has managed to attract attention with its successful algorithm and rich content. TikTok’s YouTube and even Google in the near future able to overthrow it was claimed. According to these figures, TikTok may indeed one day achieve this.