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Delivery Hero has slightly raised its annual Gross Merchandise Volume (GMV) outlook, reporting a 9% GMV growth and upgrading its 2023 forecast. Meanwhile, ByteDance, the operator of TikTok, saw its revenue surge more than 40% to $29 billion in the second quarter, with markets outside of China accounting for nearly 20% of its total revenue. The growth of ByteDance in Q2 is described as amazing, with TikTok's revenue pacing at $20 billion to $22 billion annually.
In 50 Words: Grab generates adjusted profits, revenue increase in Q3 https://t.co/4QrZVLxwow
In 50 Words: ByteDance Q2 revenue jumps over 40% to $29b, sources say https://t.co/8ONFUk8GDh
New: ByteDance growth ~accelerated ~ in Q2. At that scale, that’s amazing. TikTok revenue pacing at $20b - $22b annually. https://t.co/UEyOM8lkwu https://t.co/sYV2kStext
Exclusive: TikTok operator ByteDance saw revenue surge more than 40% to $29 billion in the second quarter, continuing to close its revenue gap with Meta. https://t.co/btytUknGSo By @coryweinberg, @JuroOsawa & @jingyanghk
Sources: ByteDance's revenue rose 40% YoY to $29B in Q2, with markets outside of China accounting for nearly 20% of its total; H1 2023 revenue was ~$54B (@coryweinberg / The Information) https://t.co/33jro4e20A 📫 Subscribe: https://t.co/OyWeKSQRTe https://t.co/DL0rRyyQsA
🔴 BYTEDANCE Q2 REVENUE RISES MORE THAN 40% TO $29B - INFORMATION.
🔸BYTEDANCE FORECAST REVENUE SURGE MORE THAN 40% TO $29B IN THE SECOND QUARTER FROM A YEAR EARLIER - THE INFORMATION
Delivery Hero faces growth hurdles in Asia, CEO says https://t.co/wgffdzg8jt
In 50 Words: Delivery Hero reports 9% GMV growth, upgrades 2023 forecast https://t.co/qwdLjuy2hL
Delivery Hero slightly lifts annual GMV outlook https://t.co/NVCe75vDRc https://t.co/jnc4kgd5aF