Technology

TikTok’s leaves Twitter, Snapchat combined behind in ad revenue in 2022: report

Video-sharing app TikTok’s commercial sales is possibly to triple in 2022 to extra than $eleven billion, exceeding the mixed income of its competitors Twitter Inc and Snap Inc, in accordance to investigate organization Insider Intelligence.

TikTok, that’s owned via way of means of Chinese business enterprise ByteDance, is one of the world’s maximum famous social media apps, with extra than 1 billion lively customers.
“TikTok’s consumer base has exploded withinside the beyond couple of years, and the quantity of time customers spend at the app is extraordinary,” stated Debra Aho Williamson, an analyst at Insider Intelligence.
Twitter and Snapchat are predicted to generate $5.fifty eight billion and $4.86 billion, respectively, in marketing and marketing sales for 2022, with the mixed fee nevertheless much less than the $eleven billion projected for TikTok.
Nearly $6 billion, or extra than half, of this year’s advert sales, is predicted to return back from the United States, regardless of regulatory worries over consumer information from the U.S being handed directly to China.

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