Net profit for ByteDance fell by a single digit percentage to approximately $20 billion in the first half of 2026 as the company increased spending on artificial intelligence. Revenue grew 30% year over year to $120 billion, driven by growth in international advertising and e-commerce via TikTok. This figure exceeds Meta's first-half revenue of $117 billion.

Overseas operations, primarily TikTok, generated more than 30% of total revenue, up from 25% in 2024. ByteDance is investing in cloud infrastructure and the Doubao and Seedance models, alongside an internally developed inference chip. The company secured a $29.6 billion loan from 28 banks, including ICBC and HSBC, and is valued at roughly $630 billion in secondary markets.