CapCut Reported Nearly 10 Billion Yuan in Revenue for 2024, Achieving Triple-Digit Growth
Under the ByteDance umbrella, Jianying (known as CapCut overseas) achieved a revenue growth of over three digits in 2024, with total revenue close to 10 billion RMB; at the same time, its global monthly active users have exceeded 800 million.
In May this year, ByteDance launched an AI creation tool for CapCut called Dreamina. An insider from ByteDance told Interface News that many people within ByteDance are indeed very optimistic about Dreamina’s future prospects, stating that ‘in the long term, Dreamina’s value potential may be ten times that of CapCut.’
Dreamina is an AI creation tool and community launched by former CEO of Douyin Group Zhang Nan after joining CapCut. In February this year, Zhang Nan announced her resignation as CEO of Douyin Group and declared that she would focus on the development of CapCut in the future. She believes that AI image generation technology is bringing significant changes and possibilities to the content creation tools industry.
SEE ALSO: Zhang Nan Resigns as CEO of Douyin Group to Focus on ByteDance’s CapCut
