ByteDance posts $120B H1 2026 revenue, profits drop to $20B
ByteDance, the company behind TikTok, pulled in $120 billion in the first half of 2026, a more than 30% boost from last year.
This surge came mostly from international ads, live streams, and TikTok's growing e-commerce side.
But there's a catch: pouring money into AI projects meant profits actually dropped to $20 billion.
TikTok joint venture resolves US concerns
This big financial leap follows TikTok clearing up US security concerns by setting up a joint venture for its American business.
ByteDance is doubling down on AI with tools like Seedance, and a syndicate of global banks agreed to lend ByteDance $29.6 billion to keep pushing tech forward.
The company's value also would be more than $400 billion based on raising the value it assigns to the restricted stock units some employees receive to $241.35 a share.