ByteDance’s Douyin and TikTok Earn over $258 Million in February

Mar 10, 2022, 19:35pm2022/03/10 19:28:37 Pandaily

According to a report released by Sensor Tower on Thursday, in February 2022, TikTok and its sister app Douyin earned more than $258 million in the global App Store and Google Play, twice as much as the same period last year, once again ranking it first in the global non-game mobile application revenue list. The month before, in January, was only $128 million.

Specifically, about 36% of the revenue comes from Douyin, 21.6% from the US market, the second largest source of income, while 3.9% is from the Saudi Arabian market, the third largest source of income.

But TikTok has encountered some obstacles recently. For example, eight U.S. states announced on March 3 that they have launched a nationwide bipartisan investigation into TikTok. The probe aims to determine whether TikTok causes harm to young people’s physical or mental health. Influenced by the latest “fake news” law passed by the Russian government, TikTok has decided to suspend new video content and livestreaming services in the country on March 7.

Google One ranked second with nearly $105 million in revenue, up 143.7% from that of February of 2020. For Google One, it earned 65.8% of its revenue from the US market, and only 3.4% from the Japanese market, its second largest market. The three other apps in the top five are YouTube, Disney+ and Tinder. Chinese video platforms Tencent<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Video and iQIYI<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />, rank sixth and ninth respectively.