Photo credit: TikTok

ByteDance-owned TikTok has reported US$16 billion in revenue for the US market in 2023 as it faces a potential ban in the country, reported the Financial Times.

Driven by TikTok’s massive growth – particularly in China – ByteDance recorded US$120 billion in revenue in 2023, up 40% from the previous year, noted the report, which cited sources.