ByteDance Surpasses Coca-Cola, Chevron, and Alibaba in Valuation
ByteDance’s revenue jumped 25% year-on-year to $48 billion, driven by robust demand in China and digital advertising growth on TikTok.
Quick overview
- ByteDance is launching a new employee share buyback program, valuing the company at over $330 billion.
- The buyback offer of $200.41 per share reflects a 5.5% increase from the previous buyback six months ago.
- In Q2, ByteDance's revenue surged 25% year-on-year to $48 billion, solidifying its status as the largest social media company by revenue.
- Despite its financial success, ByteDance faces political challenges in the U.S. regarding TikTok's ownership and potential divestment.
ByteDance, the Chinese company behind TikTok, is launching a new employee share buyback program that values the firm at more than $330 billion. The offer, at $200.41 per share, represents a 5.5% increase from its last buyback six months ago, when the company was valued at around $315 billion.
The move comes amid strong financial momentum. In the second quarter, ByteDance’s revenue jumped 25% year-on-year to $48 billion, driven by robust demand in China and steady digital advertising growth on TikTok.
A Social Media Powerhouse
In the first quarter, ByteDance overtook Meta Platforms—the parent of Facebook and Instagram—by generating $43 billion in revenue versus Meta’s $42.3 billion, cementing its position as the world’s largest social media company by revenue.
Unlike other private tech firms such as SpaceX or OpenAI, which often rely on external investors to fund buybacks, ByteDance uses its own balance sheet. Analysts say this highlights the company’s financial strength and healthy margins.
Beyond social media, ByteDance has also become a leading player in China’s artificial intelligence sector, pouring billions into infrastructure, Nvidia chips, and proprietary model development.
Bigger Than Coca-Cola, Chevron, Alibaba
With its latest valuation, ByteDance is now worth more than many of the world’s most recognized corporations, including:
- Chevron ($321 billion)
- Coca-Cola ($295 billion)
- LVMH ($290 billion)
- Alibaba ($290 billion)
- General Electric ($289 billion)
- AMD ($271 billion)
- Wells Fargo ($265 billion)
- TikTok Under U.S. Scrutiny
Despite its financial strength, ByteDance faces ongoing political headwinds in the U.S. Congress has demanded that the company divest TikTok’s U.S. assets by September 17, 2025—a deadline recently extended by President Donald Trump—or face a nationwide ban on the app, which has 170 million American users.
Trump has said there are interested buyers and has left open the possibility of further extensions, a move criticized by lawmakers who accuse the White House of downplaying national security concerns.
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